Pinbar/Value Chart strategy

This strategy is based on tracking pinbars (candles which have their wick at least 2 times longer than the body). This strategy is recommended for currency pairs, but it might as well work with other assets.

How to setup the chart

Timeframe: M5
Template: Download the strategy ZDE

How does this strategy work

The Pinbar / Value Chart strategy works by capturing the change in trend and successfully entering a trade afterwards. If a pinbar appears and complies with the Value Chart indicator, we will enter the trade. See below for further instructions on when to buy which type of option.

When to enter the trade

Buying a CALL option:

  • An alert for bull pinbar is shown (green arrow)
  • Value Chart indicator is green
  • We buy a CALL Binary option with 5 minute expiration time

Buying a PUT option:

  • Alert for bear pinbar is raised (red arrow)
  • Value Chart indicator is red
  • We buy PUT option with 5 minute expiration time

What does this strategy look like

Pinbar Value Chart strategy

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Recommended broker for this strategy

BrokerMin. depositRatingTrade now!
200 USD9.8/10
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