1 Min forex scalping system can be used on the EUR/USD, GBP/USD, GBP/JPY and AUD/USD. I am trading this system with success averaging 300 pips/month.
Chart Setup
- 1 Min chart
- Trading sessions: London and US Session
Indicators:
- MACD with basic settings (12/26/9)
- Stoch with setting (8/3/3)
Trading Rules
Long Entry
MACD>0 and Stoch indicator crosses from below 20 back above 20 ===> BUY
Short Entry
MACD>o and Stock indicators crosses from above 80 back below 80 ===> SELL
Stop Loss
- Place stop loss below the most recent support or above the most recent resistance level.
- Note: Avoid stops >10 pips, just skip the trade and wait a better setup.
Price Objective
Exit the trade for at least 15 pips or more.
1 Min Scalping Trading System Example
The 1 Min EUR/USD chart shows a valid trading setup. MACD>0 and Stoch crosses back above 20. I bought the EUR/USD at 1.3311 with stop loss placed 1 pip below the most recent support at 1.3307 (that’s just 4 pips + 1 pip spread).
The 15 pip target was easily hit 7 minutes later at 1.3326. Risk-to-reward ratio was 1:3.
