This is a forex scalping strategy that is primarily used for the 1 minute charts, but can be used effectively on the 5 minute charts as well. Be sure to try out different time frames for each pair to see which one works the best for that individual pair. The strategy itself is quite simple and only consists of 2 indicators. Those indicators include:

1. Simple 70 Period Moving Average (closed)

2. Stochastic indicator K=14 D=3 Smooth= 3 (14, 3, 3) Levels= 80/20

How to Trade

This strategy is very easy to use and only requires a few rules to follow.

1. Use the 70 Moving Average to determine whether price is in a UP Trend or DOWN Trend. If the 70 Moving Average is below price, price is in an Up Trend. If the 70 Moving Average is above price, price is in a Down Trend.

2. If price is in an Up trend, we are looking for the stochastic indicator to cross the 20 Level. If Price is in a Down trend, we are looking for the stochastic indicator to cross the 80 Level.

3. Once the stochastic indicator crosses either of these levels we make a buy or a sell.

BUY when the trend is UP and stochastic indicator crosses the 20 level.

SELL when Price is in a Down Trend and the stochastic indicator crosses the 80 level.

The rules are pretty easy isn't it. All you need is to be patient for the best setups.

# Subject

你好，我是新来的。。。学习

Will give it a try, thanks.

i will try. thank u

thank sir

Thanks

nice post

Thanks

Thanks

(11-04-2019, 11:22 AM)rexs Wrote: This is a forex scalping strategy that is primarily used for the 1 minute charts, but can be used effectively on the 5 minute charts as well. Be sure to try out different time frames for each pair to see which one works the best for that individual pair. The strategy itself is quite simple and only consists of 2 indicators. Those indicators include:Thanks for sharing.

1. Simple 70 Period Moving Average (closed)

2. Stochastic indicator K=14 D=3 Smooth= 3 (14, 3, 3) Levels= 80/20

How to Trade

This strategy is very easy to use and only requires a few rules to follow.

1. Use the 70 Moving Average to determine whether price is in a UP Trend or DOWN Trend. If the 70 Moving Average is below price, price is in an Up Trend. If the 70 Moving Average is above price, price is in a Down Trend.

2. If price is in an Up trend, we are looking for the stochastic indicator to cross the 20 Level. If Price is in a Down trend, we are looking for the stochastic indicator to cross the 80 Level.

3. Once the stochastic indicator crosses either of these levels we make a buy or a sell.

BUY when the trend is UP and stochastic indicator crosses the 20 level.

SELL when Price is in a Down Trend and the stochastic indicator crosses the 80 level.

The rules are pretty easy isn't it. All you need is to be patient for the best setups.

When you said Stochastic crosses level 20, do you mean cross up or cross down?

For successful forex trading it is very much important to make the profit consistently and reducing the loss as much as possible. Making profit is the main motto of every trader.

Thanks.. i will try it.. for scalp.. how many pips is usually for TP?

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