Trend Trading Strategy 4TF-HAS with Pin Bar Detector
Trend Trading Strategy 4TF-HAS with Pin Bar Detector is based on the use of a smoothed indicator Heiken Ashi and Price Action patterns.
Input parameters
- Currency pairs: major, indices and commodities
- Timeframe: M15 and older
- Trading times: London, New York
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.
Used indicators
- Time of Next Bar;
- Magnified Market Price;
- Spread;
- Position Size Calculator (optional);
- Pin Bar Detector (Buy and Sell arrows);
- MTF HAS Lower A (2, 6, 3, 2);
- MTF HAS Lower B (2, 6, 3, 2).
Setting up the price chart
- Unpack the archive.
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Install the template named 4TF-HAS with Pin Bar Detector
The schedule should look like this:
Signals indicating the opening of a long position (buying)
- Pin Bar Detector indicator has formed an up arrow;
- The MTF HAS Lower A and B indicators form 3 or 4 squares of blue.
Signals indicating the opening of a short position (sale)
- Pin Bar Detector indicator has formed a down arrow;
- On indicators MTF HAS Lower A and B formed 3 or 4 squares of red.
Exit deals
Exit from trades depends on the choice of currency pair and timeframe. For example, the author of the strategy experimentally determined the size of stop-loss and take-profit orders for the euro/dollar currency pair.
- M15: TP=10 pips, SL=20 pips. After the price passes 8 pips in the right direction, it is recommended to move the stop loss to Breakeven;
- M30: TP=15 pips, SL=25 pips. After the price has passed 12 points in the right direction, it is recommended to move the stop loss to Breakeven;
- H1: TP=20 pips, SL=30 pips. After the price has passed 15 pips in the right direction, it is recommended to move the stop loss to Breakeven;
- H4: TP=30 pips, SL=45 pips. After the price has passed 20 points in the right direction, stop-loss should be moved to Breakeven;
- D1: TP=50 pips, SL=70 pips. After the price passes 30 pips in the right direction, it is recommended to move the stop loss to Breakeven.
In addition, the Position Size Calculator indicator can be used to calculate take profit and stop loss order levels.
When using 4TF-HAS trend trading strategy with Pin Bar Detector it is recommended to open the next trade only after closing the previous one.
Download 4TF-HAS Strategy Template and Indicators with Pin Bar Detector
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