My Pin Bar Trading Strategy Revealed [Hint: Uses Confluence]

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****Recommended Playlists****
One Glance Trader MT4 Indicators & Expert Advisors -
https://www.youtube.com/playlist?list=PLjkJhj4gfHjSGbTRDEHqot09_55-Mo-pz

Confluence Trading - Two Part Series -
https://www.youtube.com/playlist?list=PLjkJhj4gfHjTC1MUY7DD9hMaquYcE1DEy

Everything About Divergence -
https://www.youtube.com/playlist?list=PLjkJhj4gfHjSZoe243Om5pAO-bqss_6ly

****Recommended Playlists****

My Pin Bar Trading Strategy Using Confluence

Baseline entry setup

1 - Pin bar (OGT Price Action Indicator)

Where does the pin bar form?

1 - Round number level (Free MQL5 Marketplace Indicator)? YES
2 - Divergence (MACD)? YES
3 - RSI OB/OS (OGT RSI MTF Indicator)? YES
4 - Direction of main trend (above/below 200 EMA)? YES

Should you take the trade?

Pin bar + 0 of the above = 0.5% risk
Pin bar + 1 of the above = 1% risk
Pin bar + 2 of the above = 1.5% risk
Pin bar + 3 of the above = 2% risk
Pin bar + 4 of the above = 3% risk

When to enter?

1 - Break of pin bar high/low
2 - MACD Divergence cross

Stop loss?

Above Pin bar high

Take profit

1-1 or to previous high/low (which ever is greater)

Видео My Pin Bar Trading Strategy Revealed [Hint: Uses Confluence] канала One Glance Trader