Simple 1 Minute Scalping Forex Strategy

[rexscrat]

This is a forex scalping strategy that is primarily used for the 1 minute charts, but can be used effectively on the 5 minute charts as well. Be sure to try out different time frames for each pair to see which one works the best for that individual pair. The strategy itself is quite simple and only consists of 2 indicators. Those indicators include:

1. Simple 70 Period Moving Average (closed)
2. Stochastic indicator K=14 D=3 Smooth= 3 (14, 3, 3) Levels= 80/20

How to Trade
This strategy is very easy to use and only requires a few rules to follow.
1. Use the 70 Moving Average to determine whether price is in a UP Trend or DOWN Trend. If the 70 Moving Average is below price, price is in an Up Trend. If the 70 Moving Average is above price, price is in a Down Trend.

2. If price is in an Up trend, we are looking for the stochastic indicator to cross the 20 Level. If Price is in a Down trend, we are looking for the stochastic indicator to cross the 80 Level.

3. Once the stochastic indicator crosses either of these levels we make a buy or a sell. 

BUY when the trend is UP and stochastic indicator crosses the 20 level.

SELL when Price is in a Down Trend and the stochastic indicator crosses the 80 level.


The rules are pretty easy isn't it. All you need is to be patient for the best setups.

 

[lee]

你好，我是新来的。。。学习

 

[xkerri]

Will give it a try, thanks.

 

[jamile_moura]

i will try. thank u

 

[joseluistinocoyurivilca]

thank sir

 

[Manuel Ferrera]

Success in the forex market mainly depend on the trading strategy. Every trader has different trading style. If any trader wants to make success in forex, he needs to follow some rules. He should not take decision emotionally while trading. Success in forex market is mainly depends on the broker a trader choose. If their strategies don't suit the broker than he can not be succeed. I use Tpglobalfx as my broker. They are helping me to become successful in forex market by giving low spreads and dynamic leverage. Their trading style is too easy to learn and operate.

 

[Edi]

[font=Roboto, sans-serif]Thanks[/font]

 

[gantengke1]

nice post

Thanks

 

[nbchau]

This is a forex scalping strategy that is primarily used for the 1 minute charts, but can be used effectively on the 5 minute charts as well. Be sure to try out different time frames for each pair to see which one works the best for that individual pair. The strategy itself is quite simple and only consists of 2 indicators. Those indicators include:

1. Simple 70 Period Moving Average (closed)
2. Stochastic indicator K=14 D=3 Smooth= 3 (14, 3, 3) Levels= 80/20

How to Trade
This strategy is very easy to use and only requires a few rules to follow.
1. Use the 70 Moving Average to determine whether price is in a UP Trend or DOWN Trend. If the 70 Moving Average is below price, price is in an Up Trend. If the 70 Moving Average is above price, price is in a Down Trend.

2. If price is in an Up trend, we are looking for the stochastic indicator to cross the 20 Level. If Price is in a Down trend, we are looking for the stochastic indicator to cross the 80 Level.

3. Once the stochastic indicator crosses either of these levels we make a buy or a sell. 

BUY when the trend is UP and stochastic indicator crosses the 20 level.

SELL when Price is in a Down Trend and the stochastic indicator crosses the 80 level.


The rules are pretty easy isn't it. All you need is to be patient for the best setups.

Thanks for sharing.
When you said Stochastic crosses level 20, do you mean cross up or cross down?

 

[Manuel Ferrera]

For successful forex trading it is very much important to make the profit consistently and reducing the loss as much as possible. Making profit is the main motto of every trader.

 

[Ekows]

Thanks.. i will try it.. for scalp.. how many pips is usually for TP?

 

[Farabot]

I don't like at all to use a 1-minute timeframe, it will occur too much noise price analyses, for scalping usually, I like to use a timeframe of at least M5 or M15 and sometimes only use price action, based candlestick pattern and figure out support resistance zone based timeframe.