Simple 1 Minute Scalping Strategy

September 16, 2016

1299

Simple 1 Minute Scalping Strategy

This Scalping System is based of EMA indicator and this is used to identify the trend. This strategy is for short and long term. This works best on a 1 minute timeframe and is applicable to all major pairs.

Metatrader Indicators:

Short-term:

3 EMA (green)
5 EMA (green)
8 EMA (green)
10 EMA (green)
12 EMA (green)
15 EMA (yellow)

Long-term:

30 EMA (aqua)
35 EMA (red)
40 EMA (red)
45 EMA (red)
50 EMA (red)
55 EMA (aqua)

Trend:

200 (brown, dashed)

When you notice a gap between the yellow and aqua EMAs, then there is a possible entry signal.
When there is an alignment between the long term behind the trend indicated by the short term, then entry is good.

Instructions for GUPPY:

Avoid trading against the 200 EMA.
When the market is congesting, do not trade. It means market is undecided. there can be so many losses when you enter.
Be mindful of the sharp angle against the reds because the best crosses usually occurs.
Wait for the reds to tighten and start to flip over before you enter a trade. Do not take a cross if the reds are still pointing the other way.
Wait for a pullback to confirm the validity of the move. Enter when you get a candle closing at its high or low in the direction of the move.