Last updated on 2020-06-16
Here is a Multi-timeframe PIN adapted from the MegaFXProfit Indicator.
Phew, got this one working just in time to catch the reaction to NFP – see screenshot! PS. I am not suggesting this as a strategy – it was just lucky timing!
Thanks especially to cpips and samet on Forex Factory for identifying the potential of this indicator and for their ideas about entry and exit behaviour. The PIN does not require the indicator; you can search on FF if you want it.
This is a trend following indicator, so in my screenshot, I have set EAX to exit when the signal (i.e. the trend) is lost. Note that the PIN needs to ‘find its place’ with the indicator, so if you keep fiddling with the settings you may lose the signal until the PIN finds its place again. So keep this in mind if you set EAX to Exit on Signal Lost and you fiddle with the settings, your trades will be closed![Download not found]