Forex Tutorial
May 28, 2017

Scalping Strategy 1M

Dear all,

I found this strategy and i made some rules for it and add one more indicator.
Please check it out what are you think it about.

Charts : MT4 platform (or Other)
Time frame : 1M
Pair : All pairs (Recommended GBP/JPY)
Indicator : Moving Average
Indicator : Daily Pivot Points

SETUP:

1. Open any pair and change to 1M Time Frame.
2. Select Moving Average Indicator and set the following setting ;
a) Period : 200
b) Shift : 0
c) MA Method : Simple
d) Apply to : Close
e) Style : Blue (thick line)

RULES:

1. Look at the blue MA and prepare to trade once the price HIT / CROSSED the blue MA.
2. Enter LONG when the price is ABOVE the blue MA.
3. Enter SHORT when the price is BELOW the blue MA.
4. Set STOP LOSS on previous HIGH / previous LOW.
5. Set TP 15 to 25 pips or more (Recommended for GBPJPY only).
6. And don’t get any positions against the 1H or 4H trend.

Attached you will find the template for MT4 and the indicator for daily pivot points.

Happy Trading.

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Dear all,

I found this strategy and i made some rules for it and add one more indicator.
Please check it out what are you think it about.

Charts : MT4 platform (or Other)
Time frame : 1M
Pair : All pairs (Recommended GBP/JPY)
Indicator : Moving Average
Indicator : Daily Pivot Points

SETUP:

1. Open any pair and change to 1M Time Frame.
2. Select Moving Average Indicator and set the following setting ;
a) Period : 200
b) Shift : 0
c) MA Method : Simple
d) Apply to : Close
e) Style : Blue (thick line)

RULES:

1. Look at…

Looks an interesting and a simple system. Are u using the same system on 1h or 4h to decide the trend. For how long u are using this and how many trades u are getting daily. Thanks for posting such a simple scalping system.

First of all I don’t scalp becouse i am trading with bigger time frame like 1h or 4h. I don’t have a lot time to stay on computer.

I don’t remember where i found this strategy ut looks like very very simple and interesting and i though to modify and post it here.

This chart it is from today i made some test on demo and i was profitable.

So guys for you who scalp make a test on demo i hope it will help you.

Good Luck

this system looks interesting. 200MA always looks interesting but I have a few questions.
1. Did you try to use EMA instead of SMA?
2. What are the hours of trading? Because in some hours spread could be bigger what has huge meaning when we use 1M timeframe. I think London session would be the best.
3. Did you try to use bigger timeframe (5M, 15M)?
4. Reachjj asked and I also want to know – how we can tell what trend we have on 1H and 4H. Do we use also 200MA or something else? What if it seems flat?
5. What are the daily pivot points for, you did not mention them when you described enters and exits or I do not understand something?
Thanks for sharing
this system looks interesting. 200MA always looks interesting but I have a few questions.
1. Did you try to use EMA instead of SMA?
2. What are the hours of trading? Because in some hours spread could be bigger what has huge meaning when we use 1M timeframe. I think London session would be the best.
3. Did you try to use bigger timeframe (5M, 15M)?
4. Reachjj asked and I also want to know – how we can tell what trend we have on 1H and 4H. Do we use also 200MA or something else? What if it seems flat?
5. What are the daily pivot points for,…

So many questions for first post

So, first of i like the simple and i believe on it because the simple is good.

1. EMA and SMA are almost the same. Try using EMA 233 and u will see it is almost the same with 200SMA. I choose SMA 200 because it is mostly used from a lot of traders.

2. I live in Albania and test it on Europe time. So i believe London session will be good.

3. Yep i try it only to find the trend no to take any position, as you see this strategy it is only for 1M TF.

4. To find the trend i usually use 2 EMA, 55 and 89 on 1H. That help me a lot.

5. And final i use the Pivot for profit target EX. if start from S2 and the trend it is Up my TP i is S1. (10-15 pips before it).

Sorry guys for my English but it is not my native language.

Good luck to all!

Trade only what i see

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