1 minute trend momentum scalping strategy - forex trading hours gmt

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.

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.

        1 minute trend momentum scalping strategy

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Forex Trading Strategy 3 - xtb forex trading

Forex Trading Strategy 3 ~ xtb forex trading

Forex Trading Strategy 3

Conditions required
1) Stochastic Oscillator (14,3,3 or 5,3,3)
2) Envelopes (14,0, 0.10 deviation)
3) Heiken Ashi

This has been a rather reliable indicator for
entering and exiting trades.



Here are the explanations;

1) Stochastic Oscillator

This is an indicator where it reflects whether a currency pair is over bought or over sold. Generally when the line reaches the upper section of 80, it indicates an overbought condition, on the other hand, if it reaches the lower section of 20, it indicates an oversold condition.

2) Envelopes

Envelopes are indicated in the below chart by 2 yellowish lines across. It indicates the trend of the currency pair. This is an additional indicator i look at before entering a trade. Any bar in between the envelopes i will not trade. I will only trade if the bar is either above or below it.

3) Heiken Ashi

Heiken Ashi is represented by the white sticks and red sticks as shown in the below chart. It can be used on its own or with candlesticks. Although it is a delayed signal, it is easier to understand and predict the direction. As it is delayed, it filters out unnecessary wrong signals as well. Generally speaking, the white sticks indicate uptrend and the red sticks indicate down trend.

Based on the above chart, I can enter a buy trade upon the 2nd white Heiken Ashi bar as it coincides with the uptrend on the stochastic oscillator and price is also outside the envelope. I exit the trade with 30 pips profit.

A sell trade chance arises a little further down the time frame but i would probably not take as this is an uptrend based on the bigger time frames.

However, looking back, if i had entered a sell trade upon seeing the red Heiken Ashi bar, i would have taken another 30 pips profit. But you never know what the market can do to you. For me, its better safe than sorry.

Putting it altogether, always trade with the trend. I look at the H4 and D1 chart to see the direction of the trend before entering a trade. Unless you are one who likes to take high risk, when  in doubt, skip the trade and wait for the next one.


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Forex Trading Strategy 4 - xlt forex trading course download

Forex Trading Strategy 4 ~ xlt forex trading course download

Forex Trading Strategy 4




















Conditions required
1) Stochastic Oscillator (14,3,3)

2) RSI (50)

3) MACD (12,26,9)

4) SMA 5 (Blue Line)

5) SMA 10 (Green Line)

6) M15 & H4 Charts or H1 & H4 charts

The concept of this strategy is to look at
the overall trend of the day from the H4, D1 or even H1 charts but i prefer H4. The firing of trades will then be done at the M15 chart. 

Buy Trades 

- SMA 5 cross over SMA 10

- RSI indicator above 50

- Stochastic Oscillator trending upwards

- MACD trending upwards  

Sell Trades 

- SMA 5 cross below SMA 10

- RSI indicator below 50

- Stochastic Oscillator trending downwards

- MACD trending downwards

The following 2 examples show how we took 2 trades in a same day using the above method for USDJPY. The first trade was entered with all conditions met at 113.49 and took profit at 113.75. The second trade was entered at about the same price of 113.50 when it came down again, and took profit at 113.65. 

It is interesting to note that for both trades, the price shot further up by tens of pips after i took profit. On hindsight, it would definitely be worthwhile to wait longer before exiting the trade but greed is usually the downfall of many traders so i stuck to my enter and exit policy.

Stop Loss - There are many ways of stop loss but the one i am using is to trace back to the lowest price for the day and set it at around that price which as can be seen in my example one to be at 113.16. 

Take Profit - This is simply based on the number of pips taken at stop loss and added to the price entered for taking profit. With reference to example one, a stop loss at 113.16 would be risking about 33 pips (113.49 - 113.16). Therefore, take profit will be to add about 30 pips upwards which i did at 113.75 (113.49 + 26pips).


Remember to take into account the bid spread when setting stop loss or take profit.
  
Example One

Example Two

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