Disliked{quote} Ty for your kind reply, all what you have said does make sense... Regarding the quoted point, don't you think you can build a pretty accurate model of what you are looking for after the formation of the pin bar? So if the conditions x, y and x are met, enter the trade? Don't you think that it would be so much easy and profitable to trade like this?Ignored
So a pinbar, even if you'd be able to quantify in an EA exactly what it should look like, does not by far tell you enough to trade on it.
Not only the Pinbar - or BEOB, or DBLHC/DBHLC - has to 'fit', the location is of at least as much importance.
There's various ways in which this thread teaches to 'decipher' all of these elements to make good trades.
quality over quantity
Definity holds true.
Up to march, I went into Drawdown peaking at 7%; I got there making over 30 trades.
April, I've taken just 5, and I'm almost out of the drawdown.
I still have a lot to gain in the field of pickyness, but it start with taking less than every PB.
EA's don't fit for that.
It's a sport, an artform and a science.