The 1-Minute Scalping Strategy
The basic idea behind scalping is opening a large number of trades that usually last either seconds or minutes. However, some scalping strategies developed by professional traders have grown significantly in popularity. For example, Paul Rotter placed buy and sell orders simultaneously, and then used specific events in the order book to make short-term trading decisions.
Rotter traded up to one million contracts a day ,and was able to develop a legendary reputation in certain circles, and has inspired Forex traders all around the world. While studying well-known strategies can be helpful, they should form the building blocks of your own unique setup. The 1 minute FX scalping strategy is a simple strategy for beginners that has gained popularity by enabling high trading frequency.
How does this strategy work? Here's a brief example:
Set your chart time frame to one minute. Now make sure these two default indicators (listed below) are applied to your chart:
Long orders:
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The basic idea behind scalping is opening a large number of trades that usually last either seconds or minutes. However, some scalping strategies developed by professional traders have grown significantly in popularity. For example, Paul Rotter placed buy and sell orders simultaneously, and then used specific events in the order book to make short-term trading decisions.
Rotter traded up to one million contracts a day ,and was able to develop a legendary reputation in certain circles, and has inspired Forex traders all around the world. While studying well-known strategies can be helpful, they should form the building blocks of your own unique setup. The 1 minute FX scalping strategy is a simple strategy for beginners that has gained popularity by enabling high trading frequency.
How does this strategy work? Here's a brief example:
Set your chart time frame to one minute. Now make sure these two default indicators (listed below) are applied to your chart:
- Exponential Moving Average (EMA) with periods of 100 and 50
- Stochastic with periods of 5, 3 and 3.
Long orders:
- Any time a 50 EMA indicator surpasses a 100 EMA indicator, be ready to open a long order.
- If the price at which you plan to fill the order is close to the EMA indicators, and the Stochastic rises above the 20 level, open a long position.
- To determine when to make a short order, use the same strategy indicators in reverse.
- The 50 EMA indicator should be below EMA 100, and the spot rate should be close to these lines.
- The Stochastic should fall below the 80 level.
Forex Trading With Admiral Markets
If you're aiming to take your trading to the next level, the Admiral Markets live account is the perfect place for you to do that! Trade Forex & CFDs on 80+ currencies, choosing from a range of Forex majors, Forex minors, and exotic currency pairs, with access to the latest technical analysis and trading information. Trade the right way, open your live account now by clicking the banner below!