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Forex 1 Minute Scalping Strategy

There are tons of trading strategies you can employ. Today Forex Bonus Lab will present you with a Forex 1 Minute Scalping Strategy, this is quite a good strategy for the starters. Please note that this strategy requires quite some time spent on trading, so if you are unable to focus on trading for at least few hours a day – Forex 1 Minute Scalping Strategy is not for you.

Forex 1 Minute Scalping Strategy

Forex 1 Minute Scalping StrategyThis article will quickly guide your through Forex 1 Minute Scalping Strategy, explain what forex scalping is in general and also provide information on hands-on trading: entry and exist signals, needed indicators and so on.

So what is forex scalping? This is a type of a trading style that focuses on the short term trading. Forex Scalping is a day trading strategy, as it involves opening a position, gaining a few pips and then closing the position. Forex 1 Minute Scalping is the most basic and the most resourceful trading strategy, as with it you need to spend lots of time in front of your PC. Below you will see how to do it good!

Forex Scalping is also referred to as trading on steroids. With this strategy you may end up making over 100 trades within a day, this is why it is vital to pick up a broker with the smallest spreads and commissions. You may refer to Forex Bonus Lab page of the best brokers to pick the most suitable one. Also, note that the execution is important, so you shouldn’t go for an Dealing Desk broker, pick up either an STP or an ECN Broker. Now let’s get to the Forex 1 Minute Scalping Strategy!

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Forex 1 Minute Scalping Strategy Setup

Below you can see the strategy validity and needed time frame & indicators. All of the indicators are surely available at MetaTrader 4 Platform, yet may not be available at the other platforms.

  • Currency Pairs Validity: Every Currency Pair (the lower the spread, the better)
  • Used Time Frame: 1 minute
  • Needed Indicators: 100 EMA, 50 EMA and STOCHASTIC 5, 3, 3
  • Preferred sessions: High volatility, London, New York

As you are now able to setup your trading terminal, lets take a look at Entry Points and required Stop Loss Levels.

Forex 1 Minute Scalping Strategy BUY (LONG) Entry Point:

The first EMA (50) should be located above the second EMA (100)
Once this has happened, it is needed to wait till the price to comes back to the EMAs.
Stochastic Oscillator is used to cross above the 20 level from below.
Once all of the three items are in place, it is safe to open a long (buy) order.

Long 1 minute scalping

To stay safe, the Stop Losses are needed.  SL is placed around 2-3 pips below the last low point of the swing.
As Forex 1 Minute Scalping Strategy is a short term strategy, it is expected to gain 8-12 pips on a trade, so the TP should be within 8-12 pips from the entry price.

Forex 1 Minute Scalping Strategy SELL (SHORT) Entry Point:

As you may assume, going short with Forex 1 Minute Scalping Strategy is quite similar, but reverse.

The first EMA (50) should be located below the second EMA (100)
Again, we wait till the price to comes back to the EMAs.
Stochastic Oscillator is used to cross above the 80 level from above.
Once all of the three items are in place, it is safe to open a short (sell) order.

Short 1 minute scalping

Same things happen here. SL is placed around 2-3 pips below the last low point of the swing.
TP should be within 8-12 pips from the entry price.

Forex 1 Minute Scalping Strategy Conclusion

If you have a lot of free time available – go for this strategy. It is quite effective and fun, you will not be able to make high gains or high losses on your trades, but you will generate lots of volume. This strategy goes quite well with a certain forex bonus deal or with a rebate account. With Forex 1 Minute Scalping Strategy you will have to spend a lot of time in front of the PC, but you also get short term payout.

What to do now?

As you can see, this strategy can be useful and has a great potential. You just have to stick to it and do not mix it with any other strategies. Basically, none of the strategies is going to work for you if you will mix it and try to implement few strategies into one trading. We recommend you to start your test of scalping strategy at one of the Forex contest, just do not forget ot get the right pick.

Forex Bonus Lab recommends you to check the list of the best forex brokers to pick up a licensed broker with low spreads and great execution.

If you are sure that you are ready to put your scalping skills at test, you can get 30 USD from Plus500 and show how good you are in scalping.

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