1 min Scalping Trend Following

183# 1 min Scalping Trend Following

Maximo Trader  01/02/2012

 

Time Frame: 1 Minute.

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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. 


 

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strategy.


  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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