Forex1minute scalping strategy

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Forex1minute scalping strategyForex 1 Minute Scalping Strategy

This article will quickly guide your through Forex 1 Minute Scalping Strategy, explain what forex scalping is in general and also provide information on hands-on trading: entry and exist signals, needed indicators and so on.

So what is forex scalping? This is a type of a trading style that focuses on the short term trading. Forex Scalping is a day trading strategy, as it involves opening a position, gaining a few pips and then closing the position. Forex 1 Minute Scalping is the most basic and the most resourceful trading strategy, as with it you need to spend lots of time in front of your PC. Below you will see how to do it good!

Forex Scalping is also referred to as trading on steroids. With this strategy you may end up making over 100 trades within a day, this is why it is vital to pick up a broker with the smallest spreads and commissions. You may refer to Forex Bonus Lab page of the best brokers to pick the most suitable one. Also, note that the execution is important, so you shouldnt go for an Dealing Desk broker, pick up either an STP or an ECN Broker. Now lets get to the Forex 1 Minute Scalping Strategy!

Forex 1 Minute Scalping Strategy Setup

Below you can see the strategy validity and needed time frame indicators. All of the indicators are surely available at MetaTrader 4 Platform. yet may not be available at the other platforms.

Currency Pairs Validity: Every Currency Pair (the lower the spread, the better)

Used Time Frame: 1 minute

Needed Indicators: 100 EMA, 50 EMA and STOCHASTIC 5, 3, 3

Preferred sessions: High volatility, London, New York

As you are now able to setup your trading terminal, lets take a look at Entry Points and required Stop Loss Levels.

Forex 1 Minute Scalping Strategy BUY (LONG) Entry Point:

The first EMA (50) should be located above the second EMA (100)

Once this has happened, it is needed to wait till the price to comes back to the EMAs.

Stochastic Oscillator is used to cross above the 20 level from below .

Once all of the three items are in place, it is safe to open a long (buy) order.

To stay safe, the Stop Losses are needed. SL is placed around 2-3 pips below the last low point of the swing.

Forex 1 Minute Scalping Strategy SELL (SHORT) Entry Point:

Again, we wait till the price to comes back to the EMAs.

Same things happen here. SL is placed around 2-3 pips below the last low point of the swing.

TP should be within 8-12 pips from the entry price.

Forex 1 Minute Scalping Strategy Conclusion

If you have a lot of free time available go for this strategy. It is quite effective and fun, you will not be able to make high gains or high losses on your trades, but you will generate lots of volume. This strategy goes quite well with a certain forex bonus deal or with a rebate account. With Forex 1 Minute Scalping Strategy you will have to spend a lot of time in front of the PC, but you also get short term payout.

What to do now?

Alternatively, as this strategy does not require a large margin, you can go ahead and sign up with Plus500 and test drive Forex 1 Minute Scalping Strategy on your 25 EUR Account.