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Scalping Strategy 1M - Recommended GBP/J

author EAcpu | 2 reads | 0 comments |
Dear everyone,

I found this strategy, made some rules for it, and added an indicator.
Please check what you think about this.

Charts: MT4 platform (or other)
Time range: 1M
Currency pairs: All currency pairs (recommended GBP/JPY)
Indicators: Moving Averages Indicators: Daily Pivot Points

set up:

1. Open any currency pair and change to 1M time frame.
2. Select the moving average indicator and make the following settings;
a) Deadline: 200
b) Shift: 0
c) MA method: simple
d) Applicable to: closed
e) Style: blue (thick line)

rule:

1. Look at the blue MA and be ready to trade once the price touches/crosses the blue MA.
2. Enter long when the price is higher than the blue MA.
3. Go short when the price is below the blue moving average.
4. Place a stop loss at the previous high/previous low.
5. Set a target price of 15 to 25 pips or higher (recommended for GBPJPY only).
6. Do not hold any position that is contrary to the 1H or 4H trend.

In the attachment you will find the MT4 template and the Daily Pivot Point indicator.

Happy trading.
scalping.gifresult.gifdouble trend US30 TF 5mn.jpg
scalping.gifresult.gifdouble trend US30 TF 5mn.jpg
scalping.gifresult.gifdouble trend US30 TF 5mn.jpg
scalping.gifresult.gifdouble trend US30 TF 5mn.jpg
scalping.gifresult.gifdouble trend US30 TF 5mn.jpg
scalping.gifresult.gifdouble trend US30 TF 5mn.jpg

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