1 minute trend momentum scalping strategy ~ forex trading hours gmt
1 minute trend momentum scalping strategy is a classic trading system for the trade on the forex market.
Time frame 1 min or 5 min.
Currency pairs (majors)
Trading session (London and New York) do not trades before economic news.
Setup chart with trading indicators:
1. 10 Exponentiation Moving average(EMA) (close) with Green colour
2. Bollinber bands with 20 Deviation 2 period,
3. ParabolicSAR step 0.019 and Max 0.08
4. MACD (12, 26, 9) with default settings
5. Relative strength index(RSI 14 period close with level 50)
Set up the chart and only try to trade the first three hours of any trading session. try it only to EURUSD pair as this strategy will work in better way .
Go Long
1.10 EMA crosses above middle of Bollinger Bands.
2. MACD > 0 zero line.
3. RSI is above> 50 level.
4. Use Parabolic SAR as only visual trend direction aid.(optional).
Go Short
1. 10 EMA crosses above middle of BB.Setup chart with trading indicators:
1. 10 Exponentiation Moving average(EMA) (close) with Green colour
2. Bollinber bands with 20 Deviation 2 period,
3. ParabolicSAR step 0.019 and Max 0.08
4. MACD (12, 26, 9) with default settings
5. Relative strength index(RSI 14 period close with level 50)
Set up the chart and only try to trade the first three hours of any trading session. try it only to EURUSD pair as this strategy will work in better way .
Go Long
1.10 EMA crosses above middle of Bollinger Bands.
2. MACD > 0 zero line.
3. RSI is above> 50 level.
4. Use Parabolic SAR as only visual trend direction aid.(optional).
Go Short
2. MACD is < 0 zero line.
3. RSI is below <50 level.
4. Use Parabolic SAR as only visual trend direction aid.(optional).
Initial Stop loss 15 pips. Profit target 6-9 pips. After 5 pips in gain move stop loss at breakeven.
3. RSI is below <50 level.
4. Use Parabolic SAR as only visual trend direction aid.(optional).
Initial Stop loss 15 pips. Profit target 6-9 pips. After 5 pips in gain move stop loss at breakeven.
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1 minute trend momentum scalping strategy |
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