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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.


Comments: 2
  • #2

    William (Thursday, 16 July 2020 13:27)

    Seems that you need for Long :
    1) The first time the price goes above all EMAs
    2) With EMA green above EMA blue and both EMAs green and blue above the red one but not sure.
    3) Direction of all EMAs filters the trade.
    4) I have no idea of how someone can tell whether we are in trending market or in range...
    5) Sounds like someone can put a S/L at the value of the red EMA and the T/P can be just the opposite...

  • #1

    Forextradingstrategiesresources (Thursday, 13 June 2013 15:32)

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