The "Scalping M1" forex strategy is a trend-following approach designed for rapid trading based on moving averages and two sets of moving average ranges (fast and slow). Additionally, it incorporates the Kumo breakout filter for entry timing. Within this method, slow Bollinger Bands are introduced in the setup as dynamic support and resistance levels, particularly beneficial for quick scalping endeavors (though they remain optional).
Strategy Setup - Scalping M1
Time Frame: 1 minute or higher
Currency Pairs: Major pairs
Maximum Spread: 0.0018
Indicators (MT4):
120-period Moving Average (120MA)
55-period Moving Average (55MA)
Bollinger Bands (120; 1)
Bollinger Bands (120; 2)
Bollinger Bands (120; 3)
High and Low Difference Moving Average (HADM)
Simple Moving Averages (SMA):
Fast (3, 5, 7, 9, 11, 13)
Slow (21, 24, 27, 30, 33, 36)
Kumo Breakout
Trading Rules
Buy
Kumo bar blue
55SMA > 120SMA
SMAfast > SMASlow
HDMA blue
Sell
Kumo Breakout red
55SMA < 120SMA
SMAfast < SMASlow
HDMA blue
Exit Position
Place Stop loss on SMA 55 (red line)
Target Profit (Two Options):
6 pips for AUD/USD, 8 pips for EUR/USD, 10 pips for GBP/USD
Exit at upper or lower bands of BB
It's advisable to initially implement this system at higher time frames.
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