PIN BAR Forex Scalping

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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

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.

PIN BAR Forex Scalping
PIN BAR Forex Scalping

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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