EUR/USD Rapid Forex Scalping Strategy

Here’s a complete scalping system designed for the EUR/USD currency pair, built up with 2 well known trend-following trading indicators: Parabolic SAR and the Hull moving average.

We will be looking for rapid buy setups above the Hull MA.

Similarly, we will be looking for sell setups below the Hull MA.

Scalping Setup

Indicators: Parabolic SAR with step 0.03, Hull-moving-average with period 55 (55,3,0).
Preferred time frame(s): 1 min
Trading sessions: EURO, US
Currency pair: EUR/USD

Download

Download the EUR/USD Rapid Forex Scalping Strategy for Metatrader 4.

Figure:  1 Minute EUR/USD chart

psar-forex-scalping-strategyThe chart above shows us 3 valid sell entry points (EP) for a 26 pip profit. The last trade remains open (target not reached yet). The risk to reward ratio is 1.0:1.0, which yields a 1% return for each trade if we take a 1% risk.

Trading Rules

Buy Rules:

  • Wait for the price to trade back above the Hull-moving-average from below (bullish territory).
  • Wait for the price to move back above the PSAR dots.

Open buy trade position. Set stop loss to 13 pips with 13 pips profit target or better (risk-to-reward 1:1).

Sell Rules:

  • Wait for the price to trade back below the Hull-moving-average from above (bearish territory).
  • Wait for the price to move back below the PSAR dots.

Open sell trade position. Set stop loss to 13 pips with 13 pips profit target or better (risk-to-reward 1:1).

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