A Guide to Creating a Minimalistic Scalping Strategy

This my first thread in Foreign exchange Manufacturing unit. I current my minimalistic technique which brings me about 20 pips every day on common for the final three months. Foreign exchange scalping doesnt must be difficult in any respect. This easy technique with primary indicators that may be utilized to low unfold forex pairs. Use on the 1 min charts as indicators intervals are tuned for this actual time-frame.

Time-frame:

1. 1 min. charts

Buying and selling classes:

1. London session, US session

Foreign money pairs:

1. Low unfold (EUR/USD, USD/JPY)

Indicators:

1. 12-interval Exponential Transferring Common (EMA 12) utilized to the Shut
2. 26-interval Exponential Shifting Common (EMA 26) utilized to the Shut
3. fifty five-interval Shifting Common (MA fifty five) utilized to the Shut

Entry Guidelines for Lengthy Trades:

1. 12 EMA crosses up the 26 EMA and fifty five MA from beneath
2. Open purchase place
3. Place protecting cease-loss under the newest swing low

Entry Guidelines for Brief Trades:

1. 12 EMA crosses down the 26 EMA and fifty five MA from above
2. Open promote place
3. Place protecting cease-loss above the latest swing excessive

Exit Guidelines for Quick and Lengthy Trades:

1. Watch Value Motion. Exit commerce when 7 to fifteen pips revenue.

You may take a look at some other indicator on prime of that if it fits you. I usually use DAILY PIVOT and test 15M time-frame with WEEKLY PIVOT for wider data.

Indicators:

Connected Picture (click on to enlarge)

Entry factors:

Connected Picture (click on to enlarge)

Cease Loss and Take Revenue:

Hooked up Picture (click on to enlarge)

Connected File

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a Minimalistic Scalping Technique.rar   sixty four KB | 139 downloads

Each day Pivot.ex4   fifty four KB | sixty nine downloads

  a Minimalistic Scalping Technique.tpl   6 KB | 89 downloads

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All of the Finest!