176# Cycle 1 min Scalping Forex Trading System
Submit By Janus Trader (Written by afolabiay ) 18/01/2012
Time Frame is M1
For ECN Broker Account.
Forex
Indicators- lma, sma, macd. daily
pivot,currency power, High or normal Fundamental News and overlay chart
Indicators settings- LMA 200, SMA 200, MACD 120,200,88,
Rules-1. LMA 200 cross SMA 200 MACD Cross 0 line after the new has been release check the reaction of the price after the crosses
of the indicators, if price move towards pivot S1 or R1 open a position in the direction of the Pivot supp or res area place stop loss at the pivot area and place take profit at
the pivot support or resistance area
Rules-2.if the overlay chart cross the main chart after the
news the open position in the direction, if
the price cross the S1 or R1 before its cross the overlay chart the open your position and place your stop loss to S1 or R1 the put your Take
profit to S2 or R2....
I will use USDCHF as an example with AUDUSD Overlay
chart
Rule-3. Make the corresponding currency is strong in the currency power
indicator
Cycle 1 min Scalping GBPUSD with USDCHF overlay chart
Share your opinion, can help everyone to understand the forex strategy.
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Roman (Friday, 19 July 2019 09:04)
And where are the indakators shown on the screen (table) and which currency pairs to trade and how to impose them?
OGNYAN FILIPOV IVANOV (Tuesday, 12 March 2019 21:36)
me gusta se vende gracias
Forextradingstrategiesresources (Thursday, 13 June 2013 03:11)
To do trading with 1 min time frame is essential to have an ECN Broker.