PIN BAR Forex Scalping

This scalping system is based on the pin par pattern indicator, cci indicator
and bollinger bands.

Time frame 5min

Currency Pairs: EUR/USD, GBP/USD, AUD/USD

SESSION New York and London
Indicators:

Pin
Bar indicator

CCI (14)

Bands
(20. 1.5)

Long Entry:

Wait formation Pin
Arrow outside of the lower band entry when CCI cross up from bottom 0 zero level.

Short Entry

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Wait formation Pin
Arrow outside of theupper band entry when CCI cross down from the top 0 level.

Profit Target is very fast 5-9 pips depends by currency pairs. EUR/USD 7 pips , GBP/USD 9 pips, AUD /USD
5 pips.

Stop loss 3 pips below or above the Bollinger
Bands.

In the pictures Pin Bar forex
system
in action.

Share your opinion, can help everyone to understand the forex
strategy.

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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