The 1 Minute Forex Scalping Strategy With Pin Bars And Trendlines is, in my opinion, one of the best forex scalping strategies you can ever use.

We tend to use this combined with multiple timeframe forex trading to trade on trading setups on larger mt4 timeframes, and We can tell you, it is a fantastic forex trading system to use simply because your stop loss is tight, and as soon as you enter buy or sell, the price moves away fast which means your open trade does not waste time to come to profit(That’s when your analysis is correct, by the way, so if you lose, you lose small)

Trading Parameters and Requirements

Timeframe: 1 minute, but you can use a 5-minute timeframe as well.

Currency Pairs: currency pairs with fx low spreads will work just fine, like, EURUSD, AUDUSD, USDCHF, GBPUSD, USDJPY

Other Indicators: None required

Trading Session: London and New York

Trendlines: you have to know how to draw trendlines

Pin Bars: you have to know how to identify a pin bar or otherwise use this forex pin bar indicator mt4

Strategy Buying Rules

1. Identify chart swing lows and use two points (numbered 1 & 2 on the chart below) to draw your upward trendline.
2. Wait for the price to come down and hit the chart trendline and when it does, watch that chart candlestick to see if it is a bullish pin bar.
3. At the close of the chart bullish pin bar, you can immediately buy at market order or place a pending buy stop order one pip above the high of the bullish pin bar.
4. Place your stop loss at least five pips below the low of the bullish pin bar.
5. To take profit, aim for risk: reward(R: R) of 1:3 or if there’s a previous chart swing high that has a risk: reward(R: R) of 1:3 or more if the price reaches it, then use that as your take profit(TP) target level.

Selling Rules

• Identify chart swing high and use two points (numbered 1 & 2 on the chart below) to draw your downward trendline.
• Wait for the price to come down and hit the MT4 trendline and when it does, watch that chart candlestick to see if it is a bearish pin bar forms.
• At the close of the bearish chart pin bar, you can immediately sell at market order or place a pending sell stop order one pip below the low of the bearish pin bar.
• Place your stop loss at least five pips above the high of the bearish pin bar.
• To take profit, aim for risk: reward(R: R) of 1:3 or if there’s a previous chart swing low that has a risk: reward(R: R) of 1:3 or more if the price reaches it, then use that as your take profit(TP) target level.

Disadvantages of Forex 1 Minute Scalping Strategy With Pin Bars And Trendlines

• False price spikes may knock out your stop loss(SL), and then you’ll see the price moving in the exact direction of your “knocked out” trade.
• It tends to perform poorly in the flat or ranging market, so you need to ensure the market is trending well before using this system.
• If spreads increase, you will need to increase the distance of your stop loss and not place it too close to your trade entry price level to avoid getting stopped out prematurely in your trade.

Advantages of the 1 Minute Forex Scalping System

• a great forex scalping system to use in a trending market
• tight stop loss with great risk: reward
• profits happen quickly

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