Pin Bar Re-entry trading is a high-probability trading concept. It is a simple but powerful concept that works in Forex, stock, crypto, and all financial markets. In this video, you will learn how to use it to improve the odds of your price pattern setups.
- Download “TraderVersity-PinBarDetectorSystem” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity-PinBarDetectorSystem.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Metatrader Client.
- Select Chart and Timeframe where you want to test your forex system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity-PinBarDetectorSystem” trading system and strategy.
- You will see “TraderVersity-PinBarDetectorSystem” is available on your Chart.
- 1st. Look for a bullish Pin Bar.
- 2nd. The next bar must trade above the high of the Pin Bar.
- 3rd. The market must then fall below the low of the Pin Bar, but not too far below.
- 4th. Look to buy when the price breaks above any bullish bar.
- 1st. Look for a bearish Pin Bar.
- 2nd. The next bar must trade below the low of the Pin Bar.
- 3rd. The market must then rise above the high of the Pin Bar, but not too far above.
- 4th. Look to sell when the price breaks below any bearish bar.
Like many other trading methods, it is not mechanical. It is a discretionary approach to trading that encourages prudence and patience. Always consider the market bias before using the re-entry trading strategy. Do not apply it in isolation.