Hvordan Trade Piercing linjemønster?
- 1 Hvordan Trade Piercing linjemønster?
- 1.1 Den 100 Eksponentiell glidende gjennomsnitt (Ema) trend Filter
- 1.2 The Entry Rules
- 1.3 Stop Loss
- 1.4 The Take-Profit
- 1.5 The Trade Setups
- 1.6 The Failed Setup
- 1.7 Konklusjon
Piercing linjemønster er svært vanlig i en forex diagram. Du kan se flere av dette i et diagram om gangen. And given that the piercing line pattern is an indication that the bulls are ready take over the market, these patterns present opportunities for profitable trades.
Så, what is a piercing line pattern? The piercing line pattern is a bullish reversal pattern composed of two candles, a bearish candle followed by a bullish candle. To qualify as a piercing line pattern, the bullish candle must close above at least 50% of the prior bearish candle.
I en forstand, the piercing line pattern could be said as the bullish counterpart of the dark cloud cover pattern.
Due to its simplicity, this pattern is very common. Av denne grunn, being selective when trading the piercing line pattern would be a good idea. Combined with other indicators, rules and filters, the piercing line pattern could be a very profitable pattern to trade.
Den 100 Eksponentiell glidende gjennomsnitt (Ema) trend Filter
One of the most important filters that could be applied when trading the piercing line pattern is the trend. Although these patterns also work in a long-term downtrend, trading with the trend would definitely increase the probability of the trade gaining profit.
The 100-exponential moving average (Ema) is an excellent indicator of the market’s intermediate trend. I en uptrend, de 100 EMA tends to slope upward, while on a downtrend the 100 EMA tends to slope downward. Another way to determine the trend using the 100 EMA is with the location of price in relation to the 100 Ema. Hvis prisen er over 100 Ema, the market is said to be in an uptrend, while if it is below the 100 Ema, then the market is in a downtrend.
The Entry Rules
For the piercing line pattern to be effective, we will be filtering out setups that goes against the trend.
The rules for entry are as follows:
- Prisen bør være over 100 Ema
- Den 100 EMA should be sloping upwards indicating an uptrend
- Den høyre kant av 100 EMA shouldn’t be curling downwards
- A valid piercing line pattern could be identified
To make it easier to identify piercing line patterns, we will be using the Candlestick Recognition Master indicator. This indicator conveniently plots P_L whenever a piercing line pattern is detected. The detected piercing line pattern will be our entry candle.
For simplicity, we will be putting the stop-loss just a few pips below the pattern.
As for the take-profit, we will be using a fixed 2:1 risiko-belønning forholdet. This means that for every pip risked on the stop loss, we should be gaining 2 pips if the take-profit target is hit.
This would allow us to have a positive risk reward ratio, thus allowing us to have an edge against the market, even if our win rate ratio is just around 50%.
The Trade Setups
As said, several trading opportunities could be found in a day using the piercing line pattern. Below is an example of this occurrence.
These trading opportunities using the piercing line pattern are found in a clear bullish trending chart. Den 100 EMA is sloping upwards and price action has been staying above the 100 Ema. Because these rules were ticked, the piercing line patterns on this section of the chart are high probability patterns. Hvis du også vil legge merke til det, this is a clear uptrend even just by looking at the price action. The formation of the piercing line pattern are merely minor retracements when the bulls are taking a breather.
Because these setups are high probability setups, the take profit targets of 2:1 are easily reached.
The Failed Setup
Even though the piercing line pattern is a reliable bullish reversal pattern, and even though we have placed a trend filter to go along with our trading rules, there are still instances wherein a setup could fail. Below is an example of one found on the same chart.
This setup is an example of how a piercing line pattern could still fail. Even though price did rally in the long run, price retraced further back more before the rally and stopped-out the trade. Fortsatt, there was another opportunity that could have been taken prior to the actual rally.
On this 15-minute chart alone, four opportunities were spotted using the piercing line pattern. Out of the four, three were in profit, and one was stopped out. Men, those three successful trades gained 2:1. If our money management strategy is based on a fixed percentage of our trading account, say for example 1% per trade, on this chart alone, in a span of about 1 dag, on a single currency, the account could have gained 5%.
This strategy could work as a scalping, day trading, or swing trading strategy. Men, if applied as a scalping or day trading strategy, this would have allowed for a quick growth on the account due to the multiple opportunities presented in a day.
Installasjonsinstruksjoner for Forex Trading Systems
How to Trade the Piercing Line Pattern is a combination of Metatrader 4 (MT4 (andre personer)) Indikator(S) og mal.
Essensen i denne Forex systemet er å forvandle det akkumulerte loggdata og trading signaler.
How to Trade the Piercing Line Pattern provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Basert på denne informasjonen, tradere kan anta ytterligere prisbevegelse og justere dette systemet tilsvarende.
Anbefalt Forex Metatrader 5 Handelsplattform
- Gratis $50 For å begynne å handle umiddelbart
- Innskuddsbonus opp til $5,000
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How to install How to Trade the Piercing Line Pattern?
- Download How to Trade the Piercing Line Pattern.zip
- Kopier mq4- og ex4-filer til Metatrader-katalogen / Eksperter / Indikatorer /
- Kopier tpl-fil (Mal) til Metatrader-katalogen din / Maler /
- Starte eller starte Metatrader-klienten på nytt
- Velg Diagram og tidsramme der du vil teste forex-systemet
- Høyreklikk på handelsdiagrammet ditt og hold pekeren over “Mal”
- Move right to select How to Trade the Piercing Line Pattern
- You will see How to Trade the Piercing Line Pattern is available on your Chart
*Merk: Ikke alle forex strategier kommer med mq4/ex4 filer. Noen maler er allerede integrert med MT4-indikatorene fra MetaTrader-plattformen.
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