Ihour Indicator free | Forex indicator download - MT4/MT5 resources

Hi

I get a lot of emails about trading without indicators, but considering trading longer timeframes, 1 minute is not feasible for some.

I have observed this on the 1 hour time frame and the pattern does not seem to be profitable on the 1 minute time frame as we would need a fairly large bar to earn some points.

It uses 2 bars

The first one gives us SL and TP

Long setup time

1 hour down candle

This is followed by a 1-hour up candle whose low is supported by the first candle whose size is 50% and not greater than the size

Set to short time

1 hour rising candle

This is followed by a 1 hour down candle whose high is supported by the first candle, which is 50% of the size and cannot be larger than that size

SL

The long-term low of any candle The short-term high of any candle

TP

The highest price of the first candle of the longer period The lowest price of the first candle of the shorter period

Since the signals are not fast and furious, it is possible to trade a variety of currency pairs.

Have a look at the diagram, it's very simple to enter and set up...ideas are welcome again

Paulus