Forex Trading Strategy "inner bar"

Forex Trading Strategy "inner bar" - is a fairly simple system, based on a graphical figure called the "inner bar» (inside bar). This figure is very reliable as an alarm, but unfortunately, it is quite rare. This strategy does not require the use of any indicators.

Features

• Well-defined input conditions.
• Very simple graphics.
• A high percentage of profitable positions.
• Input conditions occur rarely.
  

How to trade?

1. The inner bar - it's a bar or candle on the chart, which is fully integrated into the previous bar (sometimes called a container bar), including the price maximum and minimum (high and low).
2. If the current bar is 0, and the previous one - the index of 1, then in order to consider the current bar internal to the following conditions: High [0] <High [1] and Low [0]> Low [1]. Note the strict inequality signs.
3. Bear bar inside, which should be bullish for container bar, after a clearly perceptible trend upwards - this is a signal to a short position.
4. Bovine internal bar that follows the bear container bar, after clearly perceptible trend down - a signal to the long position.
5. Stop-loss is set at minimum (low) container bar for long positions, or - on the maximum (high) container bar for short positions.
6. Take-profit is better to put on the nearest support / resistance level, formed the previous trend.
   

Example

The graph shows an example of bovine internal bar after a downtrend. In this case, it is very easy to identify the inner bar, and stop-loss is obtained by very conservative. The goal, which is set at the level of resistance generated in the previous bull market, was achieved without any problems very quickly.

Attention!

Use this strategy at your own risk. EarnForex.com not responsible for any damages that may result to you when using any strategy presented on the site. It is not recommended to use this strategy on a real account without testing it to start a demo account.