Attached Pin Bar indicator - maybe it will help someone... and also try settings on stochastic: 30,5,10. KISS - always the best
PS. Im not an author of this indicator
PS. Im not an author of this indicator
Attached File(s)
Simple Stochastic System 3 replies
Stochastic divergence indicator with stochastic cross? 0 replies
simple Stochastic system 2 replies
Simple daily stochastic system 10 replies
Simple EA based on stochastic 2 replies
DislikedYou don't need an indicator to see the trend sillyYou just need eye balls.
The stoch is our filter. For a buy: When it reaches the 20 or below, start watching for a new lower low pinbar to form, or pinbar near a previous support line. Then you enter.
It is up to the trader to determine if he wants to trade with or against the trend. I personally don't care, I keep a strong eye on PA and if I spot an inside bar or outside bar or strong strong reversal candle, I will usually won't close out of the position, especially...Ignored
DislikedYou don't need an indicator to see the trend sillyYou just need eye balls.
The stoch is our filter. For a buy: When it reaches the 20 or below, start watching for a new lower low pinbar to form, or pinbar near a previous support line. Then you enter.
It is up to the trader to determine if he wants to trade with or against the trend. I personally don't care, I keep a strong eye on PA and if I spot an inside bar or outside bar or strong strong reversal candle, I will usually won't close out of the position, especially...Ignored
DislikedHere is a pic with some ib's and dojis. Its a 5 min chart. The yellow dot on the candle is my IB indicator just puts a dot on inside bars for me. So these are the signals I will look for when I am trading on the 5 min usually sometimes 15 but mostly 5 min. I try to keep the stochs in line but sometimes the signal I recognize and it breaks the opposite way I take it. My stops are very tight so , I like the 5 min and way to trade with low risk.Ignored
DislikedI think its a good system, wait for a pin bar to open trade. It's a good filter
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