Stochastic1min forex scalper




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Stochastic1min forex scalperStochastic 1 Min Forex Scalper

The stochastic 1 min forex scalper trades with the overall trend. The strategy uses a 100 simple moving average for trend determination and a stochastic oscillator with default settings to pinpoint the trade entry.

We always trade near significant support and resistance levels for improved trade performance and low risk to reward trades.

1) Price trades above the 100 SMA.

2) Find significant levels of support and draw horizontal a line.

3) Wait for the currency price to retreat back to the support line.

5) Place stop loss 1 pip below support.