Pinbar Scanner By ScorpionFX
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Pinbar Scanner By ScorpionFX

21 February 2019, 10:39
ScorpionFX
Yossarian Escobedo
0
138

DON'T WASTE YOUR TIME OR MONEY WITH AMATEURS. 

WE HAVE ALMOST 30 YEARS OF INSTITUTIONAL EXPERIENCE. 

AND WE HAVE THE PERFORMANCE RECORD TO BACK IT UP.

      THIS IS A GENERAL OVERVIEW OF THE BENEFITS, FEATURES AND PARAMETERS OF THIS INDICATOR.    

  BUT PLEASE BE SURE TO CONTACT US AFTER YOUR PURCHASE. AND WE WOULD BE HAPPY 

TO SEND YOU MANY MORE DETAILS REGARDING THIS INDICATOR AND THE BEST

WAYS TO USE IT. INCLUDING ADVICE ON THE BEST PAIRS TO MONITOR,

BEST TIME FRAMES, BEST SETTINGS ETC.

 

AS WELL AS SOME CRITICALLY IMPORTANT TRADING INFORMATION,

FOR ACHIEVEING THE BEST RESULTS IN YOUR LONG TERM TRADING CAREER. 

INCLUDING STRATEGY SELECTION, POSITION SIZING AND LONG TERM TRADING DEVELOPMENT.


                                                                PINBAR SCANNER: 


This indicator has been designed to automatically identify high probability pinbar patterns.
It includes an RSI trend filter for finding the best opportunities and it will send you an alert

when these setups are found.


IMPORTANT FACTORS TO KEEP IN MIND:

A strong pinbar is clear evidence that the institutions are rejecting a particular price level. 
These price levels are excellent areas to determine potential entries and exits. 

And these price levels also provide the opportunity to use excellent risk and reward ratios. 


Features:

  • This indicator can monitor all 28 pairs at the same time.
  • It can monitor every timeframe, from 1 Minute to Monthly. All at the same time. 
  • It will automatically trigger an alert whenever the appropriate pattern is identified.
  • The indicator includes an RSI trend filter, to identify the best possible pinbars.
  • It can monitor any symbol in your Metatrader platform. Including crypto, commodities, indices, equities, ETF's etc. 


- This indicator only needs to be placed on one chart and it will simultaneously monitor the entire market, all on one screen.

  This will save you an enormous amount of time and effort. As you won't have to flip through dozens of charts for analysis. 
  And this will allow you to focus on other aspects of your trading. Such as further technical (or fundamental analysis).
  This will also give you more time to find other trading opportunities. 


Indicator Parameters:

  • RSI Period: Setting for RSI filter
  • RSI Up Level: Overbought level for RSI filter. Pinbar must form above this level in order to be valid.
  • RSI Down Level: Oversold level for RSI filter. Pinbar must form below this level in order to be valid.
  • Pinbar Percent: This is the maximum allowed body / length ratio. 

The smaller the percentage you choose, the smaller the body of the candle.

Therefore, the smaller the percentage you choose, the more dramatic the pinbar must be.

              For example:

    • If you select '5', the body of the candle can only be a maximum of 5% (1 / 20th) of the entire candle.
    • If you select '10', the body of the candle can only be a maximum of 10% (1 / 10th) of the entire candle.
    • If you select '25', the body of the candle can only be a maximum of 25% (1 / 4th) of the entire candle.

              

  • Symbols: Here is where you select which pairs to monitor. 
          The indicator monitors 28 pairs by default, but you can select less pairs if you wish.
  • Alert on M1: True = Yes, False = No
  • Alert on M5: True = Yes, False = No
  • Alert on M15: True = Yes, False = No
  • Alert on M30: True = Yes, False = No
  • Alert on H1: True = Yes, False = No
  • Alert on H4: True = Yes, False = No
  • Alert on D1: True = Yes, False = No
  • Alert on W1: True = Yes, False = No
  • Alert on MN1: True = Yes, False = No


See the images below for further details.
And contact us if you have any questions.

We reply to all questions within 24 hours. And depending on the total volume
of inquiries that we have, we can sometimes answer in less than 1 hour.

Even on weekends and holidays.  


We are always here to help.    =)


THANK YOU

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                        GENERAL INTRODUCTION: 

  Thank you for taking the time to review our indicators. 

  Please note that we have almost 30 years of institutional experience 
  in the forex market. We work with clients from all over the world.
  And we are (by far) the largest, most experienced and most qualified

  company offering products on this platform.

  If you would like further details regarding our experience and background,
  please take a look at our profile. And you will get a better understanding 
  of our overall trading experience and our approach to the market.

   https://www.mql5.com/en/users/escobedofx21 


                         REGARDING OUR INDICATORS: 

  All of our indicators have been designed through the lens of various 
  institutional trading approaches. And our indicators are currently 
  being used by well over 50,000 retail traders globally.    

  We focus on clean and effective designs for our indicators.
  And our indicators will never clutter your screen with useless
  or unnecessary data or distractions. 

  Please take a look at all the information below and let us know 
  if you have any questions about anything. 

  We are always here to help.


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PINBAR SCANNER 1

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                        GENERAL DESCRIPTION: 

  This indicator monitors all 28 pairs and all the time frames. 
  And it uses and RSI filter to automatically identify the strongest 

  pinbar patterns in the market.  

  When it finds one of these patterns, it will send you a real time alert. 


                                 VERY IMPORTANT
                                   PLEASE NOTE:

In addition to forex pairs, this indicator can also monitor any other symbol
that is offered in your Metatrader platform. Including crypto, commodities,

indices, equities, ETF's etc. 

Best of all, this indicator only needs to be placed on one chart.
And it will simultaneously monitor the entire market, all on one screen.
Allowing you to easily find as many trading opportunities as possible. 

This will save you an enormous amount of time and effort. As you won't have to flip
through dozens of charts for analysis. And this will allow you to focus on other aspects

of your trading. Such as further technical or fundamental analysis.


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PINBAR SCANNER 2

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                    EXAMPLES OF STRONG PINBAR PATTERNS: 

Here are two examples of what a strong pinbar pattern looks like. 
On the left, you have a bearish pinbar with RSI over '70'. 

And on the right, you have a bullish pinbar with RSI under '30'.


These are extremely simple and straight forward patterns to trade. 
Without the need for you to analyze any type of unnecessary data.

And without the need for you to decipher any kind of complex patterns.

And best of all, the indicator will do all of the hard work of finding

these patterns for you. Anywhere across the entire market. 


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PINBAR SCANNER 3

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                               INDICATOR PARAMETERS AND RSI FILTER:

In addition to the indicator parameters, our Pinbar Scanner also provides 

a powerful RSI filter. 


1) RSI TREND FILTER: 

    These patterns are much more reliable when they occur at the end of a trend. 
    And the RSI trend filter allows you to use RSI levels to determine the strength 

    of the trend prior to the pattern being formed. 

    You can select the full parameters for RSI trend filter. And the pattern must 
    be formed in accordance to your filter, in order for the alert to be triggered. 

    Saving you lots of time (and potential losses) by avoiding weak signals. 


2) PINBAR PERCENT: 

    This is the maximum allowed body to wick ratio. And the smaller the percentage
    you choose, the smaller the body of the candle. Therefore, the smaller the percentage
    you choose, the more dramatic the pinbar must be.


    FOR EXAMPLE: 

    If you choose '10' as your pinbar percent, this would mean that the body of the candle 
    will only be 10% of the entire candle. Which means you will have a very small candle body 
    and a much larger wick. 

    And if you choose '90' as the pinbar percent, this would mean that the body of the candle 
    will be 90% of the entire candle. Which means you will have a very large candle body 
    and a much smaller wick. 

    In general, the smaller the pinber percent you choose, the more reliable the signal will be. 
    Because the smaller the body, the larger the wick. And a larger wick represents a stronger 

    rejection of price by the institutions. 


3) PAIRS TO MONITOR: 

You have full control over which pairs you would like to monitor. 
The indicator monitors all 28 pairs by default. But you can choose 

to monitor fewer pairs if you wish. 


4) TIME FRAMES TO MONITOR: 

You also have full control over which time frames you wish to monitor. 
The indicator monitors all 9 time frames by default. But you can choose 

to monitor fewer time frames if you wish.                               

   

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PLEASE LET US KNOW IF YOU HAVE ANY QUESTIONS ABOUT ANYTHING YOU SEE HERE. 
AND PLEASE BE SURE TO CONTACT US AFTER YOUR PURCHASE. AS WE WOULD BE HAPPY 

TO SEND YOU FULL DETAILS FOR THE BEST WAYS TO USE THIS POWERFUL INDICATOR.

INCLUDING SOME VALUABLE ADVICE ON THE BEST PAIRS TO MONITOR, BEST TIME FRAMES, 
BEST SETTINGS ETC. AS WELL AS SOME VERY, VERY IMPORTANT TRADING INFORMATION. 

FOR ACHIEVING THE BEST RESULTS IN YOUR LONG TERM TRADING CAREER. 

THANKS AGAIN FOR REVIEWING OUR INDICATORS.

AND WE LOOK FORWARD TO WORKING WITH YOU SOON. 


Best Regards, 

Support Team

ScorpionFX.com


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