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13 3 bar Pullback Forex Trading System

Submit by Joy22

 

Time frame h1 or higher.

Currency Pair:all.

Indicators:

3 bar pullback;

Parbolic Sar (0.2, 0.05).

 

Long Entry

The signal buy green of the 3 bar pullback indicator is confirmed by dot of the Parabolic Sar below the bar.

 

Short Entry

The signal Sell red of the 3 bar pullback indicator is confirmed by dot of the Parabolic Sar above the the bar.

 

Exit Position

Place stop Loss on the supporte indicated by 3 bar pullbact (to see example).

Profit target: ratio 1/3 Example if stop loss is 100 pips the PT is 130 pips.

 

 

 

Share your opinion, can help everyone to understand the forex strategy.


Comments: 1
  • #1

    duplex (Monday, 19 December 2016 11:16)

    Nice and clear idea, however the indicator is repainting latest 2 bars in the past. So be careful when testing visually.

Forex metatrader pattern indicator: 3 Bar Pullback
Forex metatrader pattern indicator: 3 Bar Pullback, this indicator help you on the trade based on the retracement.
3barpullback.rar
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