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Hello tanaka akiko I'm sharing another strategy that I use for long-term trading system. Basically, it is based on Perfect Pinbar and Shooting Star candles to take trades on Daily Chart. This EA should be optimized to be performed on the daily chart only. It is a highly profitable strategy if we can enter the market at the correct time. But, unfortunately, I miss opportunities like this because candles close in the night and I miss perfect opportunities.
The Strategy is Simple:
Trade on Perfect Pinbar and ShootingStar Candles. Example of Perfect Candlestick Pinbar (Hammer & Shooting Star)
Example Image:
This is the perfect Pinbar and Shooting Star Example to enter a Buy Or Sell Trade. And below I will show how to enter a trade once a pinbar forms in a daily chart.
Example #1:
Note: Once a Hammer (Pinbar) forms Put two Pending Buy Order's should be placed on 75% Retracement and 50% Retracement. Take Profits will be after the tail after 10 pips or (100 Points) .
Example #2:
Note: This is a Sell example. Put two Sell Entries in The 50% Retracement of the candle's size and then 75% Retracement at the size of the candle. S/L Should be above the tail with extra 10 Pips (100 Points)
Example #3:
Example #4:
Fibo Settings, Fibo Levels:
Level: 0 [StopLoss]
Level: 0.5 [50% Retracement [Second Entry]
Level: 0.75 [75% Retarcement [First Entry]
Level: 1 [Entry- where profit rolling starts]
Level: 2 [1x Size of the Candle]
Level: 3 [2x Size of the Candle]
Level: 4 [3x Size of the Candle]
TP: 1x size of the Fibo first time, later we can change manually by our analysis.
SL: Above/Below the tail ending more 10 pips, 100 points for spreads...
Note: I've been testing the last ea, which is doing good in my real. I hope that I can come up with results in real after one month with cappuccino and latte.
The Strategy is Simple:
Trade on Perfect Pinbar and ShootingStar Candles. Example of Perfect Candlestick Pinbar (Hammer & Shooting Star)
Example Image:
This is the perfect Pinbar and Shooting Star Example to enter a Buy Or Sell Trade. And below I will show how to enter a trade once a pinbar forms in a daily chart.
Example #1:
Note: Once a Hammer (Pinbar) forms Put two Pending Buy Order's should be placed on 75% Retracement and 50% Retracement. Take Profits will be after the tail after 10 pips or (100 Points) .
Example #2:
Note: This is a Sell example. Put two Sell Entries in The 50% Retracement of the candle's size and then 75% Retracement at the size of the candle. S/L Should be above the tail with extra 10 Pips (100 Points)
Example #3:
Example #4:
Fibo Settings, Fibo Levels:
Level: 0 [StopLoss]
Level: 0.5 [50% Retracement [Second Entry]
Level: 0.75 [75% Retarcement [First Entry]
Level: 1 [Entry- where profit rolling starts]
Level: 2 [1x Size of the Candle]
Level: 3 [2x Size of the Candle]
Level: 4 [3x Size of the Candle]
TP: 1x size of the Fibo first time, later we can change manually by our analysis.
SL: Above/Below the tail ending more 10 pips, 100 points for spreads...
Note: I've been testing the last ea, which is doing good in my real. I hope that I can come up with results in real after one month with cappuccino and latte.
Last edited:
