Hi Factory,
I would like to discuss about a strategy I found during a Google research. An other pinbar/PP stuff well described :
http://strategy4forex.com/forex-stra...ot-candle.html
I like this strategy because :
- It's about using "Hammer" & "inverted Hammer" candlestick patterns near a pivot point.
- EMA filter to be in the trend.
- SL under the last candle wick, it makes sens.
- Multiple TPs (can be better, I've some ideas like putting a TP on the next pivot point).
- Use the same strategy on different Time Frames (H4, M15) on pivot points daily AND Weekly.
I'm actually looking on charts for a visual backtesting.
it definitely worth to check it out.
thank you,
Wal
I would like to discuss about a strategy I found during a Google research. An other pinbar/PP stuff well described :
http://strategy4forex.com/forex-stra...ot-candle.html
I like this strategy because :
- It's about using "Hammer" & "inverted Hammer" candlestick patterns near a pivot point.
- EMA filter to be in the trend.
- SL under the last candle wick, it makes sens.
- Multiple TPs (can be better, I've some ideas like putting a TP on the next pivot point).
- Use the same strategy on different Time Frames (H4, M15) on pivot points daily AND Weekly.
I'm actually looking on charts for a visual backtesting.
it definitely worth to check it out.
thank you,
Wal