Forex Scalping Strategy on 1Min with Pin Bars And Trendlines

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 Did you know you can scalp forex with the trendline trading strategy? Well, this 1 minute forex scalping strategy with pin bars and trendlines is just a minor variation of that system.

It is easy to use price action trading system for scalping the forex market that even beginner traders can find it easy to follow.The only difference is  you are using 1 minute timeframe and your signal for buying or selling is a pin bar.

Tools:

  • Currency Pairs: any currency pair with low spreads 2 pips or under would be suitable.
  • Indicators: pin bar indicator-detector
  • Timeframes: 1 minute
  • Trading sessions: UK and US

How To Draw Trendlines:

For upward or rising trendline, you need a minimum of two rising support points, or swing lows and you draw a trendline.

For a falling trendline, you need at least two higher lows (swing points) to draw your trendline.

What you will see is price price hitting the trendlines and bouncing back. Your signal to buy or sell depends on the pin bar signal given by the pin bar indicator given above.

Scalping Strategies 1 Minute Forex Scalping Strategy

Selling Rules:

  1. draw a falling trendline
  2. wait for price to come up back to that trendline
  3. as soon as price touches that trendline, watch to see if you can get a bearish pin bar signal. Sell at market order when you see the pin bar signal.
  4. Place your stop loss at 10 pips
  5. Take profit target should also be set at 10 pips.

Buying Rules:

  1. draw rising trendline
  2. wait for price to come down back to that trendline
  3. as soon as price touches that rising trendline, watch to see if you can get a bullish pin bar signal. Buy at market order when you see the pin bar signal.
  4. Place your stop loss at 10 pips
  5. Take profit target should also be set at 10 pips.