465# 1min GBP scalping strategy
GBP scalping
Submit by Lexsis 22/05/2015
Trading strategy for scalping in the currency pair GBP/JPY, GBP/USD is built on a simple and clear rules of trade and is accessible even to beginners.
This trading strategy is designed for scalping currency pair GPB and only in the London session. The rules of this system is very easy.
Input parameters
Currency pairs: GBP / JPY. GBP/USD
Timeframe: M1.
Trading time: the London session.
Risk management: after the stop-loss calculation, choose a lot size that the risk was not more than 2-5% of the deposit per transaction.
Setting indicators and template trading strategy
Unpack the archive with patterns and indicators.
Copy the folder indicators MQL4 -> indicators.
Templates folder to copy the templates.
Restart the terminal.
Open the chart of the currency pair GBP / JPY or GBP/USD
Switch to TF M1.
Set the template .
Both histograms bars turns orange (the current candle must be white).
Arrange the pending order to break through the top (Buy Stop) nearest the circular level above the current candle. Parameters orders: stop-loss - 10 points, Take Profit - 10 points.
If you have installed at least one order of columns, or change the color of a candle on a black, canceled the order.
If the response warrants appeared profit of 3.5 points, the position is transferred to breakeven.
The signals indicating the opening of a short position (sell)Both histograms columns painted in black (while current candle must be black).We expose the pending order to break through down (Sell Stop) next round below the current candle. Parameters orders: stop-loss - 10 points, Take Profit - 10 points.If you have installed at least one order of the columns changed to orange (or candle was white), the order is canceled.If the response warrants appeared profit of 3.5 points, the position is transferred to breakeven.
Note: during a color change can be traded only once. After completion of the transaction, it is necessary to wait for switching the color bars.
In the picture 1min GBP scalping strategy.
Share your opinion, can help everyone to understand the forex strategy
Arrange the pending order to break through the top (Buy Stop) nearest the circular level above the current candle. Parameters orders: stop-loss - 10 points, Take Profit - 10 points.
vinetum (Saturday, 21 April 2018 17:35)
Thanks for this scalping strategy. Can you tell the winning rate?
reza (Friday, 02 September 2016 00:32)
what indicator are you using?