32 #Pin Bar, Bollinger Bands and Jma Starlight Forex Trading System
Submit by Maximo Trader 02/05/2012
Time Frame 4H
Currency Pair: EUR/USD GBP/JPY, AUD/JPY, EUR/JPY, GBP/NZD, EUR/NZD
(Any pair that has high volatility and daily pip ranges)
Indicators:
Bollinger Bands (20, 2)
Pin Bar
Jma Starlight (2, 3)
5 EMA
Long Entry
Pin Bar touches lower band of the BB, buy when JMA Starlight cross up 5EMA
Short Entry
Pin Bar touches upper of the BB, buy when JMA Starlight cross down 5EMA
Enter in the market only if the pin bar touches the upper band or lower.
Stop Loss:
for buy 5 pips below the lower bands
for sell 5 pips above the upper band.
Profit Target 35-60 pips depends by currency pairs
JMA Starligth Forex Indicator
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PinBar: forex indicator
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