Scalping Trading 1 minute chart Strategy For MT4

Scalping Trading 1 minute chart Strategy For MT4

The Scalping Trading 1 minute chart Strategy For MT4 , as the name suggests, is a forex scalping strategy for the 1 minute chart. There are some custom technical indicators that are in use with this trading system. Going by the title, the scalping trading 1-minute strategy is for scalping the markets in the very short term. It is therefore neither a trend following or a counter trend trading system.

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Trades are taken based on the confluence of the custom technical indicators that are in use. It is relatively easy to trade with the scalping trading 1-minute strategy as the trading rules are both visual and simple enough for beginners to understand.

In the scalping trading 1-minute strategy, we have only two indicators that are used. However, both these indicators are custom indicators. Firstly, we have the RSI chart bars indicator. This indicator builds custom candlestick bars based on the relative strength index or the RSI indicator as the basis. This indicator comes with the basic setting of 55 period RSI and the levels of overbought and oversold are set to 50, rather than the conventional setting of 14 period RSI and 70, 30. The remainder of the settings are to do with the visual set up of the indicator itself.

When you plot this indicator, you will see that the price bars are customized and look somewhat similar to the Heiken Ashi candlestick bars. The next indicator used in the scalping trading 1-minute strategy is the SupportResistance indicator. As the name suggests, the custom support and resistance indicator plots these levels on the price chart.

There are some settings that you can tweak around with. However, given the fact that the support and resistance indicator is a customized indicator, it will take a while to understand what each of these indicators mean and how they can be tweaked. For the scalping trading 1-minute strategy, we leave the indicators to the default settings.

There are two templates that come with the scalping trading 1-minute strategy. The first template called the Buy sell alert v.2 scalping plots the up and down arrows on the price chart.

The second template is called the scalping trading system with TMA slope indicator. However, going by the names of the templates, we notice that the scalping trading 1-minute strategy might perhaps be a bit incomplete.

Even if you look at the indicators, there are just two and absolutely no oscillators. Therefore, we advise that you proceed with caution when trading with the scalping trading 1-minute strategy. Let's now take a look at how you can trade with the scalping trading 1-minute strategy.

The scalping trading 1-minute strategy forex trading system – Long positions




To trade the long positions using the scalping trading 1-minute strategy, we first begin with applying the standard template without the buy and sell arrows. Following this, switch your chart to the one-minute time frame.

Wait for price to form a support level. Remember that the support level is plotted only after price makes a low and then moves higher from this point. Wait for the candlestick to turn blue, indicating that the uptrend is now in place.

Following this, take a long position at the market. Set your stop loss to the recent swing low point created when the candlesticks were still red. After this, simply trail your stop loss to the low of the next recurring candlestick.

This method will enable you to easily stay in the market for as long as possible, especially when the trends are strong. Traders can of course make use of a fixed risk to reward set up as well. Another way of booking profit is to use the previous resistance level and use this price level for your take profit.

The scalping trading 1-minute strategy forex trading system – Short positions




To trade the short positions using the scalping trading 1-minute strategy, we first begin with applying the standard template without the buy and sell arrows. Following this, switch your chart to the one-minute time frame.

Wait for price to form a resistance level. Remember that the resistance level is plotted only after price makes a high and then moves higher from this point. Wait for the candlestick to turn red, indicating that the down trend is now in place.

Following this, take a short position at the market. Set your stop loss to the recent swing high point created when the candlesticks were still blue. After this, simply trail your stop loss to the high of the next recurring candlestick.

This method will enable you to easily stay in the market for as long as possible, especially when the trends are strong. Traders can of course make use of a fixed risk to reward set up as well. Another way of booking profit is to use the previous support level and use this price level for your take profit.

Is the scalping trading 1-minute strategy forex trading system good for you?


In conclusion, the scalping trading 1-minute strategy is quite simple. However, we can't speak much in terms of the efficiency. This trading system, as we noted earlier is somewhat incomplete. Therefore, if you are adventurous enough, you could look into combining another indicator such as an oscillator in order to further complete this trading system.

Another point to note is that because of the lack of indicators, there is nothing holding you back from trying this trading system on higher time frames as well. We do not see any big difference, expect for the fact that you will have to hold your positions for longer periods of time.

Also note that the support and resistance indicator does not paint in real time. Therefore, the lines that you see on the chart are formed only after price hits a swing high or a swing low and then reverses direction.

Therefore, the signals you see on the chart are considerably delayed. Accounting for all the above, we do not recommend that you blindly following the scalping trading 1-minute strategy.

Download the complete system description and the files here:

FREE Scalping Trading 1 minute chart Strategy

Download the FREE Scalping Trading 1 minute chart Strategy for MT4.

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