128# PIN BAR Forex Scalping

Pin Bar Indicator

Submit by ForexStrategiesResources 01/03/2012

 

 

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.

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PinBar Forex Indicator
PinBar.rar
compressed file archive 6.0 KB
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Pin bars-introduction
Pin bars-introduction.pdf
Adobe Acrobat Document 175.2 KB
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Pin bars-advanced
Pin bars-advanced.pdf
Adobe Acrobat Document 112.7 KB
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