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Pinocchio Bar Strategy
Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=64966
Forum: 31 · Topic 64966 · 11 post(s)
Pinocchio Bar Strategy
Apprentice · Sat Aug 05, 2017 8:26 am
Based on the request. viewtopic.php?f=27&t=64962
If there is a Pin Up pattern and the close of last bar is above Alligator teeth then give a signal to SELL? or If there is a Pin Down pattern and the close of last bar is bellow Alligator teeth then give a signal to BUY?
in Bar a.k.a. “Pinocchio Bar” indicator is available here. viewtopic.php?f=17&t=1459&hilit=pin+bar
The Strategy was revised and updated on January 21, 2019.
Re: Pinocchio Bar Strategy
conjure · Sat Aug 05, 2017 11:07 am
It doesn’t do what i need to do. As you see in the picture
there is a Pin Up pattern BUT the close of last bar is above Alligator teeth. It shouldn’t do anything.
In the second Picture
there is a Pin Up pattern and the close of last bar is bellow Alligator teeth.
It should give a signal for Buy
Is it possible to be done? Thank you for your help
Re: Pinocchio Bar Strategy
conjure · Sat Aug 05, 2017 11:23 am
on my request i did a mistake.. Here is my request fixed
If there is a Pin Up pattern and the close of last bar is BELLOW Alligator teeth then give a signal to BUY? or If there is a Pin Down pattern and the close of last bar is ABOVE Alligator teeth then give a signal to SELL?
Re: Pinocchio Bar Strategy
Apprentice · Sun Aug 06, 2017 3:34 am
Try it now.
Re: Pinocchio Bar Strategy
conjure · Sun Aug 06, 2017 4:12 am
Apprentice Thank you for your time you spend.. I did try it but i still have some problems..
In the first picture the close of last bar is above Alligator teeth. It shouldn’t do anything.
In the second picture i load Patterns3.lua by Alexander.Gettinger to compare the pin ups and downs and i found that there are differences. Is it possible to use Alexanders indicator for pin ups and downs?
I m sorry if i ask too much.
Re: Pinocchio Bar Strategy
Apprentice · Tue Aug 08, 2017 3:03 am
No problem. PB.lua was used. Can u use this Notation, reference to PB.lua Up Arrow and close {< or >} teeth … {Buy or Sell} Down Arrow and close {< or >} teeth … {Buy or Sell}
Re: Pinocchio Bar Strategy
conjure · Tue Aug 08, 2017 4:08 am
Up Arrow and close bellow teeth … Buy Down Arrow and close above teeth …Sell
Re: Pinocchio Bar Strategy
Apprentice · Tue Aug 08, 2017 4:22 am
Try it now.
Re: Pinocchio Bar Strategy
conjure · Wed Aug 09, 2017 6:25 am
Yeap. Thank you!
Re: Pinocchio Bar Strategy
Reymondpolanco · Sun Sep 24, 2017 11:52 pm
can you put an option to chose an specific form to close the trade for example:
For the long trades: when the price is under the minimun of the pinbar close the trade. When the trade have X pips in profit close the trade.
For short trades: when the price is upper the maximun of the pinbar close the trade. When the trade have X pips in profit close the trade.
Re: Pinocchio Bar Strategy
Apprentice · Fri Sep 29, 2017 7:26 am
Your request is added to the development list under Id Number 3906