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Simple 1 Minute Forex Scalping Strategy
This is a scalping system that is based on 2 EMAs or exponential moving average and MACD MTF. EMA usually used to identify the trend. The use of MACD is confirmation or you can use it to identify divergence.
This works on a 30 minute timeframe and is applicable to major currency pairs.
This system can also be used in a 1 minute timeframe.
Forex Indicators:
- 50EMA Smoothed;
- 20EMA Smoothed;
- Max MACD in color TF 30.
Long Entry:
- EMA 20 must be greater than EMA
- MACD must be greater than 0.
Short Entry:
- EMA 20 must be less than EMA 50
- MACD must be 0.
- EMA 20 level retracement is the best entry.
Exit position:
Take profit at 25 pips and stop loss must be set to 15 pips having a risk and reward ratio of 1:15.
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