1 Min Forex Scalping Strategy [PDF]

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1 Min Forex Scalping Strategy with ADX and Bollinger Bands forexstrategieswork.com/1-min-forex-scalping-strategy-with-adx-and-bollinger-bands/

10/4/2016 This strategy post aims to will show you how to scalp the Forex market for profits on the 1 minute time frame. If you’re interested in learning how to trade and become a consistently profitable trader using faster time frames than the 1 min Forex Scalping Strategy with ADX and Bollinger Bands is for you. Scalping focuses on very small moves and on the 1-minute time frame these moves can happen very quickly. In this regard, it’s best to reduce the amount of risk per trade until you’re certain you can consistently profit scalping the market. Claim Your $60 No Deposit Bonus Here All you need is to have your live account verified! Of course, you need to open a live account... 2 Brokers that we like A LOT! USD30 from each Forex Broker Below. Both Forex Brokers have excellent rating! XM Broker TickMill We use both of these brokers and proudly promote them! You have to remember that faster profits can also mean faster losses, but the 1-minute scalping strategy with the ADX and Bollinger Bands you will always have a positive risk to reward ratio meaning that your winners will always be larger than your losses. This strategy is a perfect combination of the ADX indicator which measures the strength of the trend and the Bollinger Bands indicator used to measure the market volatility. Your chart setup should look similar to the one below…

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1 Min Forex Scalping Strategy with ADX and Bollinger Bands

Bollinger Bands MT4 Indicator Settings The preferred settings for the Bollinger Bands MT4 indicator are the default settings. This means that the middle moving average is set at 20 periods while the upper and lower bands or moving averages are set apart at 2 standard deviations from the middle band. Thank you for your readership. We are truly grateful! Hope that you like the strategies that we share. If you like the strategies here, you will absolutely love our latest strategy... The MorningPips Trading System The aim of Morningpips is to finish trading by the morning. Simple as that... Check it out!

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Bollinger Bands MT4 Indicator Settings

The Bollinger Bands is a great tool to spot dynamic support and resistance levels. This can be of great help especially when trading faster time frames. Using the Bollinger Bands on the 1-minute chart will give us more confidence in trading support and resistance that are constantly adjusting based on the price movement. Click here to download the Bollinger Bands Indicator

ADX MT4 Indicator Settings The preferred settings for the ADX MT4 indicator is 20 periods. We have to keep in mind that the ADX is a nondirectional indicator that is plotted as a line that oscillates between zero and 100. Usually, a value reading above 25 is considered to be a strong trend while a reading value between 25 and 75 is considered to be a very strong trend. A value reading above 75 is indicative of an extremely strong trend. Click here to download the ADX Indicator .

ADX MT4 Indicator Settings

This strategy will give you a high level of accuracy with your entry points as well as providing you with great trading

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opportunities in terms of risk to reward ratio. This trading system was developed to take advantage of the intraday volatility and the good thing about it is that it will constantly generate buy and sell signals throughout the day. We’re going to use the ADX indicator to discern whether the market is in accumulation or distribution and to assess the strength of the trend. On the other hand, the Bollinger Bands indicator will be used to spot price entry points and it will also help us to “hide” or stop loss. Without further ado, these are the buy and sell entry rules: Buy Signal: Before buying at the market wait for ADX to fall below 15 and then wait for the price to penetrate above the upper band. Place your protective stop loss below the lower band and take profit once the ADX crosses above the 50 level. Trail your SL below the lower BB. Sell Signal: Before selling at the market wait for ADX to fall below 15 and then wait for the price to penetrate below the lower band. Place your protective stop loss above the upper Band and take profit once the ADX crosses above the 50 level. Trail your SL above the upper BB.

1 Min Forex Scalping Strategy – Long and Short Trading Examples In the chart below, we have the EUR/USD 1-minute chart and buy trading opportunity is highlighted. We can observe that this strategy will signal a buy trade right at the moment when the market is about to enter in expansion mode. An ADX value reading below 15 means accumulation and after accumulation, the market always enters in expansion mode, which is signaled by the price penetrating above the upper Bollinger Band.

1 Min Forex Scalping Strategy – Long Entry Example on EURUSD

Below, we have the EUR/USD 1-minute chart and sell trading opportunity is presented. We can note again the high level of accuracy for both of our entry price as well as our exit price. Despite this trade being a counter trend trade we still managed to win however it’s best to trade in the direction of the prevailing trend as this will yield bigger profits.

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1 Min Forex Scalping Strategy – Short Entry Example on EURUSD

We go through on more example below… we have the EUR/USD 1-minute chart and some range trading conditions to prove that the 1 Minute Forex scalping strategy with the ADX and Bollinger Bands is a universal strategy that performs in all types of environments.

1 Min Forex Scalping Strategy is a powerful scalping strategy that is easy to implement

1 Min Forex Scalping Strategy is a powerful scalping strategy that is easy to implement. It required some practice and most important it requires discipline. Most of the time, you will be waiting for the signals to happen. This profitable strategy becomes unprofitable not because of the strategy but because most of the time traders do not follow the signals strictly. Don’t fall into this trap. Practice on your demo account and then stick to discipline and you will do just fine. Copyright © 2017 Advanced Forex Strategies. All Rights Reserved.

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