Fakey pin bar indicator mt4 in the following link there is an indicator which is a closer approach of that a fakey pin bar indicator is, based on the nial fuller video published on his website. Mq4 once it is compiled and loaded on mt4 you will find some symbols in the main chart as follow 1).
The mt4 pin bar indicator is a detector of pin bars that forms on your chart. The download link for the pin bar indicator on way down below towards the end of this post. You may also be interested to read this true story how fred made 1 million dollars trading forex with 40 trades using a simple 5 minute breakout trading system and lost it all.
inside bar false-breakout fakey pattern a fakey pattern can have a pin bar as the false-break bar or not. Fakeys are a very important and potent price action trading strategy because they can help us identify stop-hunting and provide us with a very good clue as to what price might do next.
this is one pin bar strategy you can use where price drops to a support area and is then rejected forming a pin bar. This trading strategy may have you entering at the market upon close and placing your stop below the low of the pin bar candlestick.
pin bar indicator free the free pin bar mt4 indicator identifies pin bars it will even give you sound or email alerts if want them.
recent fakey and pin bar reversal forex trade setups - i just wanted to point out some nice trades that had formed recently on eurusd and gbpusd. Below are some charts with classic examples of my price action trading setups i use on the 4 hour and daily charts. You will notice the clean simple chart, with no indicators (pure price action).
It provides signals about inside bars pin bars fakey pin bars (background color red or green for bearish or bullish fakeys) 1244. The indicator identify real pin bar candle (the shadow must be 2x the body) 493.
The fakey pattern can be best be described as a false-breakout from an inside bar pattern. When price initially breaks out from the inside bar pattern but then quickly reverses, creating a false-break, and closes back within the range of the mother bar or inside bar, we have a fakey pattern.
hello every one! I followed this thread a long time, but the interaction here doesnt seem to be much. Base on the strategy of the pinbar ea trader, i developed it with more pattern such as engulfing, inside bar, reversal 02 candle, reversal 03 candle, fakey. Besides, i added hull moving, rsioma with purpose trade follow trend.
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