Pin Bar Scalping

Scalping and strategies based on it are a very popular trading technique, which is practised not only by experienced professionals but also by complete beginners, some of whom have even found their dream Holy Grail in this trading method.

And that's why today we have again after some time just one of the scalping strategies, which is gaining its followers both from the ranks of scalping enthusiasts and, of course, Pin Bar candle searchers.

Strategy entry rules

Entering long positions

- Creating a trend line using two top Pin Bar candles (located at the local high/low)

- breaking the trend line from the bottom up

Entry into short positions

- creating a trend line using two top Pin Bar candles (located at the local high/low)

- breaking the trend line from top to bottom

The chart above shows a situation in which the above conditions were met, and immediately after the breakout it was possible to enter a long trading position and a few minutes later it was possible to start collecting the expected profit. The placement of pending orders (SL,TP) depends on the aggressiveness and attitude of the traders, which means that each trader has to choose their own placement.

Depending on your trading approach and trading aggressiveness, it is possible to achieve success rates well in excess of 85% with today's Pin Bar scalping strategy.