Forex scalping doesn’t need to be complicated at all.
I developed a very simple strategy with basic indicators that can be applied to low spread currency pairs.
Please use it only on the 1 min trading charts.
My Chart Setup
Indicators: 12 exponential moving average, 26 exponential moving average, 55 simple moving average
Time frame(s): 1 min charts
Trading sessions: London session, US session
Currency pairs: Low spread (EUR/USD, USD/JPY)
Download
Download the 1 Min Easy Forex Scalping Strategy for Metatrader 4.
USD/JPY 1 Min Chart Example
Trading Rules
Long Entries:
- 12 EMA crosses up the 26 EMA and 55 EMA from below
- Open buy position
- Place protective stop-loss below the most recent swing low
- Exit the trade for 9 to 15 pips profit
The US Dollar/Japanese Yen chart above shows us an example of a buy and sell trade. Both trades were closed for 15 pips during the US trading session. That’s a total of 30 pips or $300. Not bad for 5 hours of trading.
Short Entries:
- 12 EMA crosses down the 26 EMA and 55 EMA from above
- Open sell position
- Place protective stop-loss above the most recent swing high
- Exit the trade for 9 to 15 pips profit