The 1 Minute Easy Forex Scalping Strategy is an indicator scalping indicator used to detect scalping in the market trend in one minute timeframe. Beginner traders are in the search of different strategies that help them to make a healthy and profitable trade.
1 Minute Easy Forex Scalping Strategy
This indicator is one of the indicators that help them to make a profitable trade. The strategies used in this indicator re commonly used in a stock exchange, cryptocurrency, equity or forex trading, and commodity. Today, in this article we will talk about:
- Scalping
- Strategies
- Buy and sell Positions
- Stop Loss and Take profit
- Advantages
WHAT IS SCALPING?
Scalping can be described as a trading style where traders can make profitable trade by moving a small price. The goal of scalping is to maximize profits. Trading is usually held for a short period. The trader that follows the strategy of scalping cannot trade all night.
STRATEGIES:
There are different strategies used in scalping indicator but we are going to discuss only the 1-Minute scalping trading strategy. It is very easy to learn and understand this scalping strategy and it is a more profitable strategy in the forex trading system and binary options trading. This strategy has four key features:
- ASSIST: You can easily assets the trading trend with the help of this key factor.
- TIME FRAME: The time frame for this strategy must be one minute otherwise it does not give you the more profitable trade.
- SESSIONS: Time session for this strategy must be highly volatile New York and London trading sessions are most suggested time frames for this indicator.
- INDICATORS: the indicators used with this strategy are Stochastic 5, 3, 3 and Exponential moving average indicator (EMA), 50 EMA/ 100 EMA.
BUY AND SELL POSITIONS:
There are some specific positions for buy and sell entries like. In M1 Scalping indicator you have to place buy entry when the 50 exponential moving averages are above the 100 exponential moving averages. After that you have to wait for the price reversals. It is the good time for buy entry.
STOP LOSS AND TAKE PROFIT:
Take profit in M1 Scalping indicator when the price level is above 8 or 12 pips and stop loss when the price level is around three pips, maybe under or above.
THE VARIABLES:
It is the second strategy used in this indicator. It also has some key factors mentioned below:
- ASSIST: You can easily assets the trading trend with the help of this key factor.
- TIME FRAME: The time frame for this strategy must be thirty minutes for this strategy otherwise it does not give you the more profitable trade.
- SESSIONS: Time session for this strategy must be highly volatile New York and London trading sessions are most suggested time frames for this indicator.
- INDICATORS: In this strategy, you have to use Bollinger band indicator as a collaborative tool.
USES OF 1 Minute Easy Forex Scalping Strategy
M1 Scalping indicator has too many uses that make this indicator a unique indicator. The most important and profitable use of this indicator is that it minimized the risk of loss in the trade because it uses a very short time for trade. It allows to trade in fractals.
USES
• M1 Scalping indicator is used to indicate strength trend in the trade.
• Its calculations are based on moving average price.
• It is used to differentiate between trending and non-trending conditions.
• It helps to identify profitable trade.
• From the rise and fall of lines in the M1 Scalping indicator graph, the traders sense the price climax.
HOW TO INSTALL 1 Minute Easy Forex Scalping Strategy:
• First step: – Download the M1 Scalping indicator for Meta Trader 4 plateform.
• Second step: -Copy M1 Scalping indicator for Meta Trader 4. mql4 to your Meta trader Directory/experts/indicators/
• Start or restart your Meta trader 4 Client.
• Select Chart and Timeframe where you want to test your MT4 indicators.
• Search “Custom Indicators” in your Navigator mostly left in your Meta trader 4 Client.
• Right-click on M1 Scalping indicator for Meta Trader 4.mq4.
• Attach to a Chart
• Modify settings or press ok
• In the end, the M1 Scalping indicator for Meta Trader 4.mq4 is available on your Chart.
How to remove M1 Scalping indicator :
• First step: Select the Chart where is the Indicator running in your Meta Trader 4.
• Second Step: Right-click into the chart.
• Third step: Indicators list.
• At the last: Select the indicator and delete it.
These are simple and easy steps that you need to follow before starting trade because it gives you buy and sell zone indicator with almost 90% precision.
IMPORTANT
Ahead you are going to begin in real account trading you need to trade at the minimum for one month as a demo in any MT4 or MT5 brokers. It awards you more potential for getting quality payback in long or short term trading across also moving average.
