Forex Price Action Trading – Automating the Inside Bar Trend Continuation Trading System and Strategy

FREE DOWNLOAD Forex “Inside Bar” Price Action Trading System and Strategy – The inside bar forex trading strategy is a ‘flashing light’, a major signal to the trader that reversal or continuation is about to occur.

Forex-Inside-Bar-Trading

An inside bar indicates a time of indecision or consolidation.

Inside bars typically occur as a market consolidates after making a large directional move, they can also occur at turning points in a market and at key decision points like major support/resistance levels.

An inside bar must stay completely within the range of the bar immediately before it.

In other words, the second bar must have a lower high and a higher low.

 

What does it mean?

An inside bar is a momentary contraction in price range/volatility.

Within the same unit time, the market covers less ground and stays completely within the range of the previous bar.

It is a pause in price action and does not show clear strength in either direction.

 

How do we trade it?

Place bracket orders around it to trade its breakout in either direction.

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(A buy stop order above its high, and a sell stop order below its low. Once one order is triggered, cancel the other.)

Place only one order (buy or sell) according to the market trend.

Wait for a breakout of the inside bar and trade its failure.

 

ForexWOT Inside Bar Trading Rules

There are basically two ways to trade an inside bar setup: As a continuation signal or as a reversal signal.

ForexWOT Inside Bar Trading System is A Trend Continuation Inside Bar trading strategy.

In this trading system you will see that we have inside bars that acted as continuation signals, that is they resulted in a continuation of the previous momentum before their formation.

These continuation inside bars often result in nice breakouts in-line with the current trend and near-term momentum.

  • Best Time Frame : 30 M
  • Currency Pairs ; Major

 

BUY Rules

Forex-Inside-Bar-Trading-BUY

  • NonLag MA 21 blue color and above EMA 15 Dark Orange line
  • Price breakout upper H1 inside bar line.
  • Signal Trend green color
  • Strenght candle indicator green (BUY)
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SELL Rules

Forex-Inside-Bar-Trading-BUY

  • NonLag MA 21 yellow color and below EMA 15 Dark Orange line
  • Price breakout lower H1 inside bar line.
  • Signal Trend red color
  • Strenght candle indicator red (SELL)

 

Trading Note

Inside bars as continuation signals – The most logical time to use an inside bar is WHEN A STRONG TREND IS IN PROGRESS or the market has clearly been moving in one direction and then decides to pause for a short time.



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