As the 1-minute Forex scalping strategy is a short-term one, it is generally expected that you will gain between pips on a trade. Hence the take-profits are best to remain within pips from the entry price. FX 1-Minute Scalping Strategy Sell (Short) Entry Point. The first EMA (50) should be positioned below the second EMA (). Another one hour forex strategy is described further. It is based on a single indicator, which is called Bollinger Bands, or Bollinger Band line. This indicator allows you to work in a sideways motion, and in long positions as well.
Well this is normal if you don't use the strategy quite good enough or in an effective way. Well to be honest this "sure fire strategy" is quite risky in my opinion.
It is definitely very risky and has a lot of risks. As you know that in sure fire strategy we open lots like 1, 3, 6, 12, 24, 48, 96 and so on. So if you continue to open trades like this using higher lots you will definitely go for a margin call.
So in my opinion our best bet is to keep the strategy up to 3 open trades not more than that. You see if you go for more then three open trades then you are in a risky position.
So keeping it up to three is quite a good target to save your account from risk. So the matter here is how you will keep it up to three trades not more then that. Ok suppose we open a trade randomly and applied the "sure fire strategy" and we don't know whether it will go up or down. But suppose you did a little research on the market before opening trades then you will be more profitable and the odds will be less.
However, it is difficult to say is it true or not, because basically the difference between timeframes is determined rather by the size of the deposit and the free time which trader has. There is, of course, the presence of the so-called "noise" movements at the less than one day intervals, but fractal analysis settles this problem as well by applying mathematical calculation for all hardly predictable price movements.
Nevertheless, Forex trading systems in the interval less than a day make not a daily profit for many traders only, but also the perfect combination of energy spent and the income which was made. I would like to show you an example of a simple trading strategy which uses two indicators only. This is a simple one hour Forex strategy.
Two indicators are used here. The first one is the Relative Strength Index with a parameter 13, and the second one is a simple moving with a parameter 13 and the shift by three candles. The principle is simple. The most important here is not wait the moment when the RSI shows overbought or oversold levels.
Only after this indicator signal you can expect moving signal. This signal indicates a situation when a simple moving average meets the price graph from the bottom with the upward movement and from the top in a downward motion of the price graph.
Stop-losses can be placed according to the wish of the trader, but within the last minimum or maximum. This one hour Forex strategy is distinctive because of the fact that, in parallel with standard signals, it often shows divergence - convergence signals. You can add another indicator to this chart, it is better to say another moving. If you add MA with parameters 21 and shift 5 to this chart you will get the opportunity for long orders.
Furthermore, this one hour forex strategy gives us another signal that is an intersection of two moving averages, and it provides us with an opportunity to weed out the wrong signal for the closing order. So, the order is closed not when the price graph meets the MA13, but when the price graph crosses the MA However, we should note the nuance of this trading strategy that is a large number of false alarms. To do this, you just need to adjust the parameters of the basic indicator of the trading strategy.
The picture shows the Relative Strength Index with the parameter Another one hour forex strategy is described further. It is based on a single indicator, which is called Bollinger Bands, or Bollinger Band line. This indicator allows you to work in a sideways motion, and in long positions as well.
Furthermore, two significant signal should be noted. To do this, you just need to adjust the parameters of the basic indicator of the trading strategy.
But here is another thing that i want to add is we must use considerable a big take profit and stop loss.