Pinbar Detector — Forex Indicator for MetaTrader

AUDS, good time to buy?

Hi just a quick one :), with the AUD so low atm do you think it's a good time to buy in on a strong AUD geared etf like betashares AUDS? I'm pretty noob so just wanted any thoughts on if I'm reading this right and is this the right ETF to buy now and for when the AUD will strengthen.
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I'm Tired of Revisionist History In Chart Analysis

I'm new to the Forex world, and trading in general. So I've been studying a ton of Price Action strategies, web sites, analysis, commentary, recommendations, strategies, and more. And it drives me nuts how the charts and pictures only seem to point out whatever the goal of the article wants to point out. It's like every single PA site goes back and finds the perfect chart for their explanation. For example:
1) The strategy article points out a SR line, and it's like CONCRETE. It's like a Titanium-laced guarantee of a reversal bounce that is ALWAYS reflected in the "lesson". Yet, in the real charts I've been practicing with, these lines are often pierced like water.
2) Fibonacci levels. The article will draw out 3 or 4 Fibonacci lines, and the price will go up to the 4th one, and they will say something like "look at the strong resistance at the 4th line, here's where you sell", and I'm thinking to myself "what about the 1st line, 2nd line, 3rd line"? OK, fine, maybe those lines are easy to pass. Then I'll see another chart where the author says "the price hit the 2nd line and decided it couldn't go further" as if the 2nd line was now an impassable barrier. It's like the articles just make up reasons to explain why a price went from one line to another. There are enough Fibonacci levels to support almost any "theory".
3) Psychological levels? So far, I've seen 1.20000000 act like 3.14159. Seriously? Do the authors find THE CHART that demonstrates their one point?
4) Bollinger Bands. The descriptions of Bollinger Band strategies are the worst. The article will be like "look how the price skirted the bottom band and came out right HERE". The author could point out HERE anywhere in the chart, and they come up with a "reason" it came out of the Bollinger Band range. And every time it's a different reason because that's what was needed to explain the particular chart.
Now, I'm not naive. I know the PA strategies work when interpretted with the right confluence, and that no single strategy can be taken out of context and acted on in the absence of other factors. But if I had a nickle for every pinbar that went the opposite way it was supposed to, I wouldn't be here.
So then I look at some "trading opportunity" lists on a site like Oanda. I figure lets apply these strategies to LIVE charts. Oanda's stats page show like 65% of the trade opporunities they list succeeding. They show pinbars, channels, ABCD formations, SR lines. I figure their experts have more experience than me, so they must know what they are doing. So I religiously do what their opportunities suggest on a demo account, and lo and behold, I don't win 65%. Are they making their stats up? It's just a little frustrating to read about all these strategies and in live charts see them work far less than any strategy article (or Oanda expert) professes.
submitted by ffoorreexx to Forex [link] [comments]

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PinBar Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data. PinBar Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Based on this information, traders can assume further price movement and adjust their strategy ... Pinbar Detector is a MetaTrader indicator that tries to detect Pinbars (also known as "Pin-bar" or "Pin bar") and marks them by placing a "smiling face" symbol below the bullish Pinbars and above the bearish Pinbars. It is a pure price action indicator, which is not using any standard technical indicators in its code. The configuration of Pinbar detection can be done via the indicator's input ... Pinbar Forex Trading System — a popular strategy for entering and exiting positions that is based on the particular candlestick pattern and the following price action.The Pinbar (also known as "Pin-bar" or "Pin bar") pattern was first introduced by Martin Pring in his Pring on Price Patterns.. Features. Conservative strategy offers low-risk high-yield opportunities. If you were told to choose only one pattern to trade the forex market, only one and nothing else, the pin bar pattern should be your choice. This is undoubtedly one of the most powerful and reliable patterns out there. If you commit to learn it and trade it, you could literally drop all the rest of your strategies. If you prefer to watch the video on how to trade the pin bar strategy, scroll ... I just started trading the pinbar after reading about it on this site. Its true what the article above says; ‘you will wonder how you ever traded without it’ I cant believe how my view of price action has changed so fast since looking at the higher time frames and a few powerful price paterns. Reply. David March 16, 2011 at 12:33 pm . I’ve always been wondering what a pin bar is. Finally ... Pinbar Detector Forex mt4 Indicator. Posted on July 7, 2020 July 7, 2020 by fxl fxl. How to install Pinbar Detector – MT4 indicator? Download Pinbar Detector.mq4; Copy Pinbar Detector.mq4 to your Metatrader Directory / experts / indicators / Start or restart your Metatrader 4 Client; Select Chart and Time frame where you want to test your MT4 indicators ; Search “Custom Indicators” in ... Forex is 100x more liquid and that makes for better flowing price action. All the gaping and limited trading hours in the stock market makes choppy/broken price action. I am not a stock trader, I am sure pin bar/tailed candles will work there, but I don’t think the Forex strategies will work as well. PinBar - indicator for MetaTrader 4. Михаил English Русский Español Deutsch 日本語 Português. Views: 31945 Rating: votes: 35 Published: 2015.12.10 13:27 Updated: 2016.11.22 07:32. pin.mq4 (8.48 KB) view. Download as ZIP, How to download code from MetaEditor. You are missing trading opportunities: Free trading apps; Free Forex VPS for 24 hours; Over 8,000 signals for copying ... Pin Bar is a popular Forex strategy which is based on the particular candlestick pattern. There are many Pin bar patterns you should check out for more tutorials about it. Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make ... As you know, successful forex trading is not only about identifying different patterns on the chart. We must know how to take advantage of the different chart patterns and incorporate a strategy around it. Now that you are familiar with properly identifying pin bars on your price chart, we can now show you how to trade these formations. Opening a Pin Bar Trade. When you spot a valid pin bar on ...

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High accuracy, low risk: PINBAR Forex strategy - YouTube

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