183# 1 min Scalping Trend Following

Submit by Maximo Trader  01/02/2012

 

Time Frame: 1 Minute.

Currency pairs: Major.

Forex Indicators:

  1. 25 period exponential moving average

  2. 50 period exponential moving average

  3. 100 period exponential moving average

Currency Pairs: Since scalping involves small profits in a smaller times like few minutes to an hour this technique is better for currency pairs that have small spread like EURUSD, GBPUSD etc.

Buy Entry: Enter long trade when the price crosses above the all the moving averages. When you get a 5 to 10 pip profit exit the trade. You can use the stop loss below the last low of the price. The following is an example of buy entry.

Sell Entry: Enter sell trade when the price crosses below all the moving averages. When you get a 5 to 10 pip profit exit the trade. You can use the stop loss above the last peak of the price. The following is an example of a sell entry. 


 

Share your opinion, can help everyone to understand the forex strategy.


Write a comment

Comments: 1

1 min forex strategies

Ema forex strategies