4TF-HAS Forex Chart Patterns Strategy
This strategy price action trend strategy based on Heiken Ashi smoothed and PIN BAR patter of price. This works on a 15 minute timeframe or higher.
Applicable to all currency pairs. It can also be used in indicis and commodities.
Forex Indicators:
- Time of Next Bar
- Magnified Market Price,
- Spread,
- Position Size Calculator (optional),
- Pin Bar Detector (arrow Buy and Sell),
- MTF HAS Lower A ( 2, 6, 3, 2),
- MTF HAS Lower B ( (2, 6, 3, 2),
- Gann activator ( filter of the support: optional).
Buy Entry:
- Arrow Buy of PIN BAR detector confirmed by 3 or 4 squares blue of MTF HAS Lower A and B.
Sell Entry:
- Arrow sell of PIN BAR detector confirmed by 3 or 4 squares red of MTF HAS Lower A and B.
NOTE:Entry of the next signal only if the current trade is close.
For improved profitability to add gann activator ( 10 period).
You can exit the position depending on the time frame and cureency pairs you use.
These are the examples:
- EUR/USD 15 min time frame: profit target 10 pips initial stop loss 20 pips after 8 pips in gain move stop loss at the breakeven.
- EUR/USD 30 min: PT 15, SL 25, breakeven 12 .
- EUR/USD 60 min: PT 20, SL 30, breakeven 15,
- EUR/USD 240 min: PT 30, SL 45, breakeven 20,
- EUR/USD daily: PT 50, SL 70, breakeven 30 .
Option for Stop loss you can follow the indications of Position Size Calculator.
or EA in the folder for management the position.
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