Free Scalping Indicator for Metatrader 4

Free scalping indicator example

Introduction

Scalping is a very popular trading style because it allows obtaining multiple profits with short-term trades and can be used in practically any asset and financial instrument. Likewise, it does not require a deep knowledge of fundamental analysis (although it is always convenient to take these events into account) or technical analysis. In fact, many scalping trading systems are based on relatively simple approaches.

Scalping is applied in short-term time frames in which micro trends are formed that last a few minutes and require fast entries and exits. For this reason, scalping is not for traders who prefer to perform long-term trades that generate hundreds and even thousands of pips of profit, which in fact appear only a few times a month.

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Forex Scalping Strategy Based on two EMA

Today we will present a strategy that requires mainly time. This is a 1 minute Forex scalping strategy. As its name implies, it is designed to perform quick transactions to achieve a series of small gains, which in the end add up and accumulate a big profit.

This technique is ideal for Forex beginners because of its simplicity. Read on to learn how to implement it.

What is Scalping?

Before explaining the strategy, it is worth remembering the concept of “scalping” in Forex trading. Scalping refers to a trading style in which many trades are made in a very short period of time. The goal of this style is to get a few pips of profit and get out of the market quickly.

Due to the short duration of its trades, scalping is a style that develops at a dizzying speed. However, for the same reason, it does not use many indicators or fundamental analysis, which makes it perfect for beginners. In scalping strategies traders usually perform hundreds of trades per day, making it a time-consuming style.

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Scalping trading system for 1 minute charts

This trading system is ideal for traders who only have little time to trade in the market during each session. In fact, this is a strategy developed for traders who prefer to carry out short-term transactions in which they open and close positions in minutes and not hours. Usually these types of traders, known as scalpers, use one-minute charts to enter and exit their positions.

Intraday traders in the Forex market can take advantage of the small movements that occur in different currency pairs by watching the 1-minute candlestick charts.

Like any scalping strategy, it requires active monitoring and management by the trader as he must be alert to cut losses and take profits quickly.

As always, it is advisable to practice this strategy on a demo account before trading with real money.

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