MACD and Pin Bars Strategy

MACD and pin bars
MACD and pin bars

Setup

MACD (12, 26, 9)

Entry

BUY if MACD > 0, and a bullish pin bar occurs. Place the trade after the close of the pin bar.
SELL if MACD < 0, and bearish pin bar occurs.

MACD and pin bars

MACD and pin bars

Exit

Exit with at least a 1:2 risk-to-reward ratio.

Currency Pairs

Any

Time Frame

4 hours

Stop Loss

Place the initial BUY stop loss below the pin bar.
Place the initial SELL stop loss above the pin bar.

Move the stop loss to break even when the risk-to-reward ratio it 1:1.