1
min scalping strategy GBP/USD, EUR/USD and USD/JPY
is
a trend-momentum forex strategy. The purpose of this strategy is
trading on the strength.
Time
Frame 1 min or 5 min.
Currency
pairs: EUR/USD, USD/JPY, GBP/USD.
Trading
sessions: London and New York.
Forex
Indicators:
10
Exponentiation Moving average (EMA) (close),
Bollinger
Bands with 18 Deviation 2 period,
Parabolic
SAR (0.019 - 0.08 ).
MACD
(12, 26, 9).
RSI
16 period close with levels 60 and 40.
Trading
Rules
Buy
10
EMA crosses above middle of BB
MACD
Histogram is above zero line
RSI
is above 60 level.
Parabolic
SAR dot below the price (optional).
Sell
10
EMA crosses below middle of BB.
MACD
Histogram is below zero line.
RSI
is below 40.
Parabolic
SAR dot above the price (optiona).
1
min time frame stop loss 10 pips, profit targe 6- 12 pips.
5
min time frame stop loss 15-20 pips, profit target 8 -20 pips.
In the pictures random trading examples on GBP/USD 1 min chart.
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