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Pinokio Indicator MT4

Original price was: $299.00.Current price is: $0.00.

The Pinokio Indicator is a tool used in MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. It focuses on a particular candlestick pattern called the “Pin Bar,” which has distinct characteristics.

Description

Pinokio Indicator MT4

Overview

The Pinokio Indicator is a powerful tool for MetaTrader 4 (MT4) traders. It identifies Pin Bar candlestick patterns, which signal potential trend reversals. Let’s dive into the details:

Key Information

  • Minimum Deposit: $500
  • Timeframe: M1 or M5
  • Currency Pairs: EURUSD, GBPUSD
  • Platform: MetaTrader 4 (MT4)

Pinokio Indicator Strategy

The Pinokio Indicator follows a specific trading strategy based on Pin Bar patterns. Here’s how it works:

  1. Identification of Pin Bars:
    • The Pinokio Indicator scans price charts for Pin Bars.
    • A Pin Bar has a small body and a long tail (wick or shadow) on one side.
    • The long tail indicates strong rejection of price levels beyond the body.
  2. Bullish Pin Bar Strategy:
    • When a bullish Pin Bar forms (long tail below the body):
      • Entry: Buy when the next candle opens above the high of the Pin Bar.
      • Stop Loss: Set the stop loss below the low of the Pin Bar.
      • Take Profit: Target the nearest resistance level.
  3. Bearish Pin Bar Strategy:
    • When a bearish Pin Bar forms (long tail above the body):
      • Entry: Sell when the next candle opens below the low of the Pin Bar.
      • Stop Loss: Set the stop loss above the high of the Pin Bar.
      • Take Profit: Target the nearest support level.

 

Pinokio Indicator MT4

Pinokio Indicator MT4

Pinokio Indicator MT4

Pinokio Indicator MT4

Trading Style

  • The Pinokio Indicator strategy is a scalping approach.
  • It aims for quick profits based on short-term price movements.
  • No martingale or hedging techniques are involved.

 

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Additional Resources 

Instant Download: https://yoforex.org/product/pinokio-indicator-mt4/

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🔔😎Happy Trading😎🔔

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