XXL 1 Minute Forex Scalping Strategy

August 10, 2016

997

XXL M1 Trading System

This strategy is made for a trader who likes to multi-task and switch around between many currency pairs.
Traders can use any currency pairs in a 1 minute chart. Set stop loss at 45 pips and profit target would be 12 pips. Take note that the higher the timeframe, the more profit a trader can take.

Use a backup screen for higher semafor check on M15 and M30
TRO says trade only if H1 shows any semafore (1,2,3) in your direction, this can make you safe.To start scalping, wait for the messagebox. It must tell you that a level 3 semafor has
been detected, that is the yellow one with a red circle around it.

Check the trend on right side in the middle. The trend percentage must be at
least over 70% in one direction, the higher the better.

Check Semafor 3 again and make sure, it is in very close range to the thick double
lines blue and green. If it is within them or even past, get ready.

Check the RSI black and yellow line in the middle indicator screen.

For SHORT entry:

RSI must be over 80 and semafor has touched or pierced blue double (bending) outer line,

For LONG entry:

RSI must be under 20 and semafor has touched or pierced green double (bending) outer lines,
Be aware that semafor is a repainting indicator and thus will appear more than on one
candle after another, always marking highest of a trend.
For this I work with SL 100 or higher in the quick trail stop settings.
If market goes against the entry point, traders can re-enter with some martingale element.
Check the currency heat indicator at the bottom to confirm trend. Never trade against the H1 or H4 trend.
There are also colored bars on the top right screen telling you also what shall happen.