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GBP/USD Easy 1 Min Forex Scalping System

The 1 min chart easy forex scalping trading system was designed to trade the British Pound / US Dollar during the London and US session. The system uses a 10 pip stop and a 20 pip target. Risk-to-reward will be always around 1:2 ratio (depends on the spread).

Trading Setup

GBP/USD 1 Min forex chart

Free Download Link:

Click here to download the GBP/USD Easy 1 Min Forex Scalping System

Used Forex Indicators:

MACD with input settings 5,35,5
Laquerre indicator with gamma input settings 0.66
EMA Crossover Signal

GBP/USD Easy 1 Min Forex Scalper Buy Trade Example

forex-scalping-system1


Forex Trading Rules:

BUY TRADE

1) Only trade during the London and US session.

2) BUY the Pound/Dollar when the MACD > 0 + Laquerre rises from below 0.15 (oversold) back above 0.15 + EMA cross shows a buy arrow.

3) Place your stop below the most recent support level. Your stop loss should not exceed 10 pips + spread. If the support level is too far away from the entry price, we do not trade the setup because the risk is too high. Just wait for a better trading opportunity!

4) Take profit is always 20 pips.

SELL TRADE

1) Only trade during the London and US session.

2) SELL the Pound/Dollar when the MACD < 0 + Laquerre falls from above 0.75 (overbought) back below 0.75 + EMA cross shows a sell arrow.

3) Place your stop above the most recent resistance level. Your stop loss should not exceed 10 pips + spread. If the resistance level is too far away from the entry price, we do not trade the setup because the risk is too high.

4) Take profit is always 20 pips.

Now let’s explore the above long trade example:

During the London session, the MACD is trading above the zero line while the Laquerre indicator turns from below 0.15 back above 0.15. At the same time, the EMA cross show a buy arrow. It’s time to take action!

We enter a long trade at 1.5782 with stop loss below the most recent support level (10 pips). Target is 20 pips at 1.5802. The trade was closed successfully about 30 min later.

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