Pullback Entry

Pullback Entry is a very useful tool when trading on minor currencies, because it is able to exploit market inefficiencies that are present on non-major currency markets. The indicator instantly displays the trade statistics of up to 10,000 trades per instrument and clear entry signals using blue (buy) and red (sell) arrows. Unlike some other indicators, Pullback Entry:

• DOES NOT repaint.
• DOES NOT show false statistics - all trades are based strictly on fixed Stop Loss and Take Profit levels of your choice.

It is possible to enable terminal alerts, email messages and push notifications. It can be used on any timeframe, for scalping or for long-term trading.

Strategy

By analyzing the current trend, price levels such as support, resistance, price channels, applying user-defined filters to them and then displaying hypothetical trading performance, Pullback Entry lets you quickly select and verify the most effective approach for a particular market, unlike lagging or leading indicators it gives signals on actual pullbacks for a more accurate entry, after the price breaks through important levels, such as trend-lines, supports and resistances.

Usage:

• Entering a sell trade - red arrow:
  • Exit from a sell trade: fixed stop loss and take profit levels.
• Entering a buy trade - blue arrow:
• Exit from a buy trade: fixed stop loss and take profit levels.

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