Forex Scalping 1 Minute Chart

Most Successful 15 Minute Stochastic Forex Scalping Trading Strategy

The Stochastic Forex Scalping Trading Strategy will allow Forex traders to make incremental profits over short time frames. Over time, these pocket-size profits can add together upwards to substantial amounts and can prove to be very lucrative for forex traders.

For this item trading strategy, the timeframe that should exist used is the 15-infinitesimal chart. Information technology can too work well equally a scalping strategy on the 1-minute and 5-minute timeframes. You may use any currency pair that yous similar for this strategy.

Chart Setup

It is important that y'all ready your charts correct in order to get the all-time results from this trading strategy. You may cull any trading session that yous desire to apply, and it is recommended that you work with the one-infinitesimal, 5-minute, and fifteen-minute charts.

We will be using MetaTrader4 Indicators for this setup. Here are the indicators to use: Below is what a buy trade strategy would look like:

• The Stochastic with the following parameters: slowing 16.0, %K 26.0, %D eighteen.0
• The 120 EMA (majestic on the charts) and the l SMA (orange on the charts)

The first circle indicates the entry (buy) signal, while the second circumvolve is the exit signal

At present it's time to reveal the actual trading strategy:

The Buy Trading Strategy

Use the to a higher place nautical chart to follow along. Proceed to purchase just when both of the following atmospheric condition be:

• A clear purchase betoken is if the fast blue line of the Stochastic Indicator crosses the irksome red line to the upside from within the oversold region (below xx level on the Stochastic). It should break and remain above the oversold region (above 20). Once this status has been satisfied, you should proceed to purchase.
• Another buy bespeak is the existence of bullish pressure level. This may be evidenced by the l SMA (orange line) crossing the bluish line of the 120 EMA (purple line) to the upside.

Y'all should place your stop loss about 2 pips below the support level.

When to Sell

The following scenarios are indicators that you should sell:

• If the blueish line of the Stochastic crosses the red line to the downside and from inside the surface area higher up the 80.00 level. It should break and remain below the 80.00 level on the Stochastic.

Ii brusk trade examples are shown hither. Circles 1 and 3 are the entry (sell) signals and circles 2 and 4 are the go out signals

For a short trade, you should place your stop loss two pips to a higher place the resistance.

The Strategy for Exiting a Merchandise

If any of the following scenarios take place, you should go out the trade or take profit.

• When the blue line of the Stochastic crosses the ruby line from inside of the overbought region (exit betoken for brusk trades) or the oversold region (exit signal for long trades).
• Another signal to exit the trade is if the 50 SMA indicator (orange line) crosses over the purple line of the 120 EMA from the bottom up during a bearish trend or from the top downwards during a bullish trend. This is an indication that the existing trend is losing strength. You should take profits and exit the trade at this indicate.

Source: https://www.fxtradingrevolution.com/strategies/15-minute-stochastic-forex-scalping-trading-strategy

Posted by: mejiahapse2000.blogspot.com

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