GBP/USD Easy 1 Min Forex Scalping System

Details: Written by Ron Jacobs

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 ratio will be always around 1:2 (depends on the spread).

Trading Setup

• Laquerre indicator with gamma input settings 0.66. Download Laquerre
• EMA cross over indicator default settings. Download EMA crossover
• MACD with input settings 5,35,5
• GBP/USD 1 Min forex chart

GBP/USD Easy 1 Min Forex Scalper Buy Trade Example

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.