One Good Pin Bar Indicator | Forex Factory

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One Good Pin Bar Indicator

  • #1
  • First Post: Edited 5:31am Dec 2, 2017 1:04am | Edited 5:31am
While I'm not active on forums and tent to avoid reading any information about trading styles or decisions besides my own, I can assure you that there is a well known and most overlooked setup that with the right conditions does work over 70% of the time and it's called PINBAR. You have to know how to filter them out and you wont get many trades, only 2 to 5 on D1 and H4 combined /mo and thats on 21 pairs. But hey, 4 good trades with good RR brings me in good return and I'm happy with that!

I've probably spent good 1 - 2 years testing over 60 years of data to come up with set of rules that work and then forward tested them, again setups don't appear that often, but when they do, they work.

I do everything manually, and while it's not a problem to check 20 - 40 charts at the end of the day, it becomes a hassle to do that every 4 hours. I'm not a programmer guy and that's why I put up this info - to find a good programmer and to make an indicator that will ease on screen hours.

None of the existing price action or candlestick indicators provide any required filters or features that are needed for positive outcome, well..... no wonder why......

If you're out there, and you know how to program and you're ok to sign NDA and keep information to yourself, we may have something to build together.
  • #2
  • Dec 2, 2017 1:26am Dec 2, 2017 1:26am
Feel free to PM me if needed.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Dec 2, 2017 4:13am Dec 2, 2017 4:13am
Quoting avoleoo
While I'm not active on forums and tent to avoid reading any information about trading styles or decisions besides my own, I can assure you that there is a well known and most overlooked setup that with the right conditions does work over 70% of the time and it's called PINBAR. You have to know how to filter them out and you wont get many trades, only 2 to 5 on D1 and H4 combined /mo and thats on 21 pairs. But hey, 4 good trades with good RR brings me in good return and I'm happy with that! I've probably spent good 1 - 2 years testing over 60 years...
No need to reinvent the wheel, it's all been done before, check here, works excellent and FREE too

https://www.forexfactory.com/showthread.php?t=707057
It takes a lot for me to IGNORE you, but you can try.
  • #4
  • Dec 2, 2017 5:49am Dec 2, 2017 5:49am
Erebus, thank you so much for the link, this will do some magic !!!!!
  • #5
  • May 4, 2019 12:06pm May 4, 2019 12:06pm
Could i get a copy of indicator in mt4/5 version. Ex4 file comes as blank. Thank you
sell strength in falling markets, and buy weakness in rising markets.
  • #6
  • May 4, 2019 3:44pm May 4, 2019 3:44pm
Quoting htcone
Could i get a copy of indicator in mt4/5 version. Ex4 file comes as blank. Thank you
I find the lack of details in this question disturbing
It takes a lot for me to IGNORE you, but you can try.
  • #7
  • May 4, 2019 4:54pm May 4, 2019 4:54pm
Quoting avoleoo
While I'm not active on forums and tent to avoid reading any information about trading styles or decisions besides my own, I can assure you that there is a well known and most overlooked setup that with the right conditions does work over 70% of the time and it's called PINBAR. You have to know how to filter them out and you wont get many trades, only 2 to 5 on D1 and H4 combined /mo and thats on 21 pairs. But hey, 4 good trades with good RR brings me in good return and I'm happy with that! I've probably spent good 1 - 2 years testing over 60 years...
Yes once you stick to one thing it will work for you, since your focus is not dispersed all over the place. There are several threads which focuses on this same topic. I hope it continues to work for you. Once the winrate is as you say then your risk can be turned up to really benefit your account based on that accuracy....keep well.
R:R "Percentage Focus"
  • #8
  • May 4, 2019 8:43pm May 4, 2019 8:43pm
Quoting Erebus
{quote} I find the lack of details in this question disturbing
I am sorry, post it in a wrong forum.
sell strength in falling markets, and buy weakness in rising markets.
  • #9
  • Mar 22, 2021 6:18pm Mar 22, 2021 6:18pm
Quoting avoleoo
While I'm not active on forums and tent to avoid reading any information about trading styles or decisions besides my own, I can assure you that there is a well known and most overlooked setup that with the right conditions does work over 70% of the time and it's called PINBAR. You have to know how to filter them out and you wont get many trades, only 2 to 5 on D1 and H4 combined /mo and thats on 21 pairs. But hey, 4 good trades with good RR brings me in good return and I'm happy with that! I've probably spent good 1 - 2 years testing over 60 years...

Bro how is this going for you, are you still on it?
  • #10
  • Mar 22, 2021 10:39pm Mar 22, 2021 10:39pm
Quoting htcone
{quote} I am sorry, post it in a wrong forum.


I just see this now, made my day

It takes a lot for me to IGNORE you, but you can try.
  • #11
  • Mar 22, 2021 10:45pm Mar 22, 2021 10:45pm
Quoting chidiezenyem
{quote} Bro how is this going for you, are you still on it?
PIN BAR happens every time frame

Not always work, and not every pair, not every candle

Just stay alert

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It takes a lot for me to IGNORE you, but you can try.
  • #12
  • Mar 22, 2021 10:52pm Mar 22, 2021 10:52pm
How about these 2 ??

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It takes a lot for me to IGNORE you, but you can try.
  • #13
  • Mar 23, 2021 3:24pm Mar 23, 2021 3:24pm
UPDATE, on the GBPNZD daily Pin Bar

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It takes a lot for me to IGNORE you, but you can try.
  • #14
  • Last Post: Jul 31, 2023 2:34am Jul 31, 2023 2:34am
Here is the latest entry into the Pin Bar indicator database, and it's Adjustable
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It takes a lot for me to IGNORE you, but you can try.
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