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1 Minute Forex Scalping Strategy With Trend Lines and Stochastic Indicator

This is a 1 Forex Scalping Strategy With Trend Lines And Stochastic Oscillator Indicator. The trading rules are really simple and this scalping system can be incorporated into larger timeframe trading as well, if you chose to do so. What you need is an ability to draw proper trendlines.

Chart Setup:

Indicators you need:

  • stochastic oscillator
  • timeframe: 1 minute
  • Trading sessions: US and EURO
  • Currency Pairs: EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD

Buy Signal:

  1. draw your rising trendline
  2. wait for price to head back down to the rising trendline. Price must not close below that upward trendline.
  3. stochastic indicator to turn back above 20 from below (oversold region)
  4. enter buy order at market price
  5. place stop loss 1 pip below the most recent swing low.
  6. take profit target: 10-25 pips

This chart below explains the buying setup:

1 Minute Forex Scalping Strategy With Trend Lines and Stochastic Indicator

Sell Signal:

  1. draw your downward trendline
  2. wait for price to head back up to the downward trendline. Price must not close above that  trendline.
  3. stochastic indicator to turn back down below 80 (overbought region)
  4. enter sell order at market price
  5. place stop loss 1 pip above the most recent swing high.
  6. take profit target: 10-25 pips

1 Minute Forex Scalping Strategy With Trend Lines and Stochastic Indicator