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2b pattern (2b pattern) | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources

author EAcpu | 3 reads | 0 comments |
I won’t invent the wheel, but I will perfect it. So this pattern was originally written by trader vic. I also found it from james16. It is called a double top/double bottom diverging pin bar. Now I see that we don't actually need a needle bar. What does pin bar stand for? Quick response to specific levels. That's what I'm looking for: quick reaction to double bottoms/tops and divergences. I've found that there are some specific rules that work best, as well as exceptions to the exit rule (that's the best part). First let's look at some examples. In the attachment you will see vic trader's idea and the 2b pattern from james16's pin bar.

Tool I use for backtesting: Visual Backtest - better than forextester. https://www.forexfactory.com/showthread.php?t=779303
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