Forex scalping strategy with macd and stochastic indicator




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Forex scalping strategy with macd and stochastic indicatorForex Scalping Strategy With MACD And Stochastic Indicator

This scalping strategy works with the 1-minute time frame. Its quite simple to understand and is composed of the Stochastic indicator and MACD.

Preferred time frame(s): 1 min chart

Trading sessions: Euro ans US Sessions

Preferred Currency pairs: Medium to high volatility pairs (EUR/USD, GBP/USD, USD/JPY, GBP/JPY, EUR/JPY,)

GBP/USD 1 Min Chart Example

Trading Rules

The MACD indicator must be above the zero line (bullish territory).

Wait for the Stochastic indicator to go back above 20 from below (oversold).

This is the signal to enter a long position.

Place stop loss 1 pip below the most recent swing low point.

Price objective: Set at 10 pips above the entry point.

The MACD indicator must be below the zero line (bearish territory).

Wait for the Stochastic indicator to go back below 80 from above (overbought).

This is the signal to enter a short position.

Place stop loss 1 pip above the most recent swing high point.

Price objective: Set at 10 pips below the entry point.

Trading Example

The GBP/USD 1 minute chart provided us with 3 short signals. Two trades were closed for 10 pips profit each (20 pips total). The last trade hasnt achieved the profit target yet.