As you know that pinbar is oneof the strongest powerful pattern in trading especially if its followed by trend.
The strategy for scalping is very simple.
1. Trend is determined by EMA(21) [blue line] and SMA(50) [red line]
+if EMA(21)>SMA(50)-->up trend
+if EMA(21)<SMA(50)-->down trend.
2...
If you are looking for a good forex strategy, then look further no more. This Pinbar Indicator made a profit of 200 pips with a small stop loss of 15 pips. This is a whopping reward to risk of 200/15= 14 to 1. You can download this Pinbar MQL4 Indicator plus strategy FREE.
Discuss Pinbar Detector indicator for MT4/MT5 in this thread. You can ask any questions about this price action assistance indicator and share your input settings here.
Discuss Pinbar Trading System here. It's a simple interpretation of the Pinbar (Pinocchio bar) pattern trading with very few details added up. You can ask any questions about this strategy here.
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