Inside Bar with Emas pullback

Inside Bar with Emas pullback is a trend following strategy based on moving averages with Inside bar pattern.

Time Frame 15 min or higher.

Currency pairs: majors.

16 Exponential moving average, close,

32 Exponential moving average, close.

What is the inside bar? The inside bar is a candle formation with the the second candle’s entire

range must be inside the previous candle’s range.

Concept of this strategy

Enter an Inside Bar breakout is to wait for price to breach the high of the Inside Bar if you’re considering going long, or to wait for the Inside Bar low to be broken before considering short positions, but when there is a pullback of the price to the Moving Average.

Buy

EMA 12 above EMA 32 trend is up,

Price action come back the price between EMA 16 and EMA 32

Wait the formation of the Inside Bar.

Buy with stop loss below the lows of the Inside bar formation.

Exit when the candle close below 16 EMA, or take profit with ratio stop loss 1:1.

Sell

EMA 12 below EMA 32 trend is down,

Price action come back the price between EMA 16 and EMA 32.

Wait the formation of the Inside Bar.

Sell with stop loss above the highs of the Inside bar formation..

Exit when the candle close above 16 EMA or take profit with ratio stop loss 1:1.

The Inside bar pattern when the price is in a consolidation phase generate false signals.

To avoid consolidation, it is always advisable to check the angle of the trend.

What is the consolidation market?

The market doesn’t trend, and usually just drifts sideways in ranges or in heavily whipsawing action. the market churns so tightly that inside candles are formed.

Inside bar indicator MT4 download link:

https://drive.google.com/drive/folders/0Bwjv2Pbf48itblNVekZCMmtST0U?usp=sharing

Inside Bar indicator Ninjia Trader download link:

https://drive.google.com/file/d/0Bwjv2Pbf48itTnlfVjhybmlpYlE/view?usp=sharing