GBP/USD Easy 1 Min Forex Scalping System

The GBP/USD Easy 1 Min Forex Scalping system is designed specifically for use on the GBP/USD pair with the ability to scoop profits on small price changes.

The strategy allows the quick opening and liquidation of positions in a secure manner that anyone can take advantage of regardless of their market experience.

Chart Setup

MetaTrader4 Indicators: Mass_Index.ex4 (default setting), oT_S_Ra-Signal_Line.ex4 (Input Variable modified; period=24)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute

Recommended Trading Sessions: Any

Currency Pairs: GBP/USD (British Pound/U.S. Dollar)

Download

Download the GBP/USD Easy 1 Min Forex Scalping System

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a buy in the market if the following indicator or chart pattern gets displayed:

  1. If the blue line of the Mass_Index.ex4 indicator moves above the 27 level, a bulge is said to kick in. The signal isn’t complete on the initial bulge, so we waited for the bulge to reverse with a dip below the 26.50 level to yield a reversal bulge. This alone does not satisfy an entry condition (the reversal bulge completes on the red line of the oT_S_Ra-Signal_Line.ex4 custom indicator).
  2. The color of the line of the oT_S_Ra-Signal_Line.ex4 custom indicator is noted during the reversal bulge cycle in #1 (red colored line), if the color changes to lime as shown on Fig. 1.0, it is a confirmation of a buy order for the pair of interest.

Stop Loss for Buy Entry: Place stop loss below support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions holds sway on the price chart:

  1. If the Mass_Index.ex4 indicator performs a reversal bulge cycle (the blue line breaks above the 27 level, reverses and dips below the 26.50) during an ongoing bullish trend, price is said to be making a reversal, hence an exit or take profit is advised.
  2. If lime colored line of the oT_S_Ra-Signal_Line.ex4 custom indicator turns red during a bullish trend, it is a trigger to exit or take profit without delay.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the blue line of the Mass_Index.ex4 indicator moves above the 27 level, a bulge is said to kick in. The signal isn’t complete on the initial bulge, so we waited for the bulge to reverse with a dip below the 26.50 level to yield a reversal bulge. This alone does not satisfy an entry condition (the reversal bulge completes on the lime line of the oT_S_Ra-Signal_Line.ex4 custom indicator).
  2. The color of the line of the oT_S_Ra-Signal_Line.ex4 custom indicator is noted during the reversal bulge cycle in #1 (lime colored line), if the color changes to red as depicted on Fig. 1.1, it is a confirmation of a sell order for the pair of focus.

Stop Loss for Sell Entry: Place stop loss above resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following holds sway:

  1. If the Mass_Index.ex4 indicator performs a reversal bulge cycle (the blue line breaks above the 27 level, reverses and dips below the 26.50) during an ongoing bearish trend, price is said to be making a reversal, hence an exit or take profit is advised.
  2. If red colored line of the oT_S_Ra-Signal_Line.ex4 custom indicator turns lime during a bearish trend, it is a trigger to exit or take profit without delay.

Sell Trade Example

Fig. 1.1

Free Download

Download the GBP/USD Easy 1 Min Forex Scalping System

About The Trading Indicators

The oT_S_Ra-Signal_Line.ex4 custom indicator for Metatrader4 is essentially the Hull Moving Average, also known as HMA.

It finds its use in the spotting of the prevalent market trend. The oT_S_Ra-Signal_Line.ex4 indicator has the ability to follow price movement much closer, making it a preferred choice for traders wishing to trade in the medium and long term.

The Mass_Index.ex4 custom indicator is a volatility technical tool that was designed by Donald Dorsey and deploys the high-low range to spot reversals in trend in respect to expansions in range.

The Mass_Index.ex4 spots range bulges that usually warn of a possible reversal in the current trend.

Click Here to Leave a Comment Below 0 comments