scalping-strategy

Scalping Forex Strategy 20 Pips GBP/JPY

Forex Strategy, Scalping
Scalping Forex Strategy 20 Pips GBP/JPY

The 20 Pips GBP/JPY scalping strategy is based on a very simple concept. We will be looking for strong trends first and then initiate buy and sell trades with the help of price action pinbars. Let’s take a look at the setup.

Chart Setup

Indicators: PinBar, MAAngle
Preferred time frame(s): M5
Trading sessions: Euro, US
Preferred Currency pairs: GBP/JPY

Download

Download the 20 Pips GBP/JPY Scalping Forex Strategy.

Strategy Example

gbpjpy-20-pip-scalping-strategy

As shown in the GBP/JPY chart above, we had 2 buy winning trades for a net return of 40 pips (2*20). Click to enlarge the picture.

Trading Rules

Buy Rules:

  • MAAngle must be green colored.
  • Green pinbar appears on the chart

Enter buy trade. Place stop-loss 3 pips below the green pin bar.
Target: Go for 20 pips or more.

Sell Rules:

  • MAAngle must be red colored.
  • Red pinbar appears on the chart

Enter sell trade. Place stop-loss 3 pips above the red pin bar.
Target: Go for 20 pips or more.

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