1 Minute Scalping Strategy

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1 minute scalping strategy By Khan FX

This strategy is great!

Usually You can expect: +70% of profitable trades.

Pairs: GBP/JPY or USD/JPY or other JPY cross pairs (GBP/JPY mainly)

Charts: 1Min, 5Min

Indicators: bollinger bands – 3 sets

Deviation 2 (Red) – Period 50

Deviation 3 (Pink) – Period 50

Deviation 4 (yellow) – Period 50

Target: 5-10 pips

How to Install?

Download Tpl file 1 minute scalping strategy to your computer. Copy that file. Go to your Metatrader folder where it is installed, Paste in Templates. Not in expert/templates.

How to apply to your 1 minute chart?

Right click on your metatrader screen( on chart), list will appear. Go to templates just below periodicity, another list will appear. Select and click on 1 minute scalping strategy.

Notice:- The 3 sets of bollinger bands on your chart will appear. The

price will always move between these lines – Red, Pink

and Yellow.

Where to Enter? 

SELL: Watch when the price crosses the

upper red band , at least half way (or touch) to the pink band

(if it gets to the yellow band is much stronger signal..) Then

the price will tend to retrace towards the center of the

bollinger bands, you profit from this retracing.

BUY: It is the same as selling, the difference

is that we will wait for the price to range between the lower

red and yellow bands, and trade the retracing towards the

center.

Note for This system: Do not trade on ranging, do not trade on

the news releases.

Where to put Stop Loss?

since this strategy requires you to look at the

screen (remember this is the 1M time frame) I tend to have

two kinds of stops: time based and loss based.

Time based: Try and figure out how long will it take the

market to get in your expected direction, if the time that you

planned is already due, then close the order. No point on

waiting for a loss...

Stop Loss: Since you are trading a very tight time frame your

stops should also very very tight. Sometimes, you will profit

from a 3 minute trade and you wont be able to set a proper

S/L. So your stops will be given to you by your money

management system...
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Some instructions about the recent changes in strategy.

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I have added one more indicator which will alert U but U have to follow only when there is retracement from red or pink or yellow band not middle yellow band. If U see a retracement from these bands towards middle yellow band, just make entry even if U don't have any alert. Alert is just to inform U only. 

In previous strategy, sometimes we could have this confusion that the price already reached to red or pink or even yellow band but still there was no retracement. Anyways, for that we suppose not to trade in ranging market or news release etc but still we need to know whether there is retracement or not. So for that the indicator I added will alert U or if it doesn't alert U then it will atleast change its colour and show the direction. U can see in new image I added. Its very clear. Blue colour is for up move and red colour is for down move.

Hope U understand. In case of any confusion just leave a comment please. I will try to reply.
Regards

KhanFX
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DOWNLOAD this strategy from here for free:> 1 Minute scalping Strategy by Khan FX