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1 min scalping strategy GBP/USD, EUR/USD and USD/JPY

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.
1 min scalping strategy GBP/USD, EUR/USD and USD/JPY

1 min scalping strategy GBP/USD, EUR/USD and USD/JPY

1 min scalping strategy GBP/USD, EUR/USD and USD/JPY

1 min scalping strategy GBP/USD, EUR/USD and USD/JPY Reviewed by learn forex trading on June 17, 2017 Rating: 5

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