1 Minutes Scalping Strategy
Although it can also be used successfully on 3 or 5 minute charts, this forex scalping strategy is mainly utilized for 1 minute charts. Make sure to experiment with various time frames for every pair to determine which one suits them the best. There are just two indicators in the strategy, which is fairly straightforward.
Among these indicators are:
1. The closed simple 70-period moving average
K=14 D=3 is the stochastic indicator.
(14, 3, 3) Smooth = 3. Levels: 80/20
To see how your chart should appear, view the image above.
With just a few guidelines to follow, this tactic is incredibly simple to use.
1. To ascertain whether the price is in an upward or downward trend, use the 70 Moving Average. The price is in an upward trend if the 70 Moving Average is below the price. The price is in a downward trend if the 70 Moving Average is higher than the price.
2. We want the stochastic indicator to cross the 20 Level if the price is rising. We want the stochastic indicator to cross the 80 Level if the price is trending downward.
3. We make a buy or sell when the stochastic indicator crosses one of these levels. (Cross at 20 Level + Up Trend = BUY) (SELL = Down Trend + Cross at 80 Level)
Below are a few examples:
We buy at the candle because the price is rising and the stochastic indicator crosses the 20 level.
the green arrow indicates.
We sell at the candle shown by the red arrow because the price is in a downward trend and the stochastic indicator crosses the 80 level.
Although it can also be used successfully on 3 or 5 minute charts, this forex scalping strategy is mainly utilized for 1 minute charts. Make sure to experiment with various time frames for every pair to determine which one suits them the best. There are just two indicators in the strategy, which is fairly straightforward.
Among these indicators are:
1. The closed simple 70-period moving average
K=14 D=3 is the stochastic indicator.
(14, 3, 3) Smooth = 3. Levels: 80/20
To see how your chart should appear, view the image above.
With just a few guidelines to follow, this tactic is incredibly simple to use.
1. To ascertain whether the price is in an upward or downward trend, use the 70 Moving Average. The price is in an upward trend if the 70 Moving Average is below the price. The price is in a downward trend if the 70 Moving Average is higher than the price.
2. We want the stochastic indicator to cross the 20 Level if the price is rising. We want the stochastic indicator to cross the 80 Level if the price is trending downward.
3. We make a buy or sell when the stochastic indicator crosses one of these levels. (Cross at 20 Level + Up Trend = BUY) (SELL = Down Trend + Cross at 80 Level)
Below are a few examples:
We buy at the candle because the price is rising and the stochastic indicator crosses the 20 level.
the green arrow indicates.
We sell at the candle shown by the red arrow because the price is in a downward trend and the stochastic indicator crosses the 80 level.
