Professional Forex Strategy

One minute scalping system not only works for taking profit quickly with minimal risk, but also can be used to determine entry position in trading with the higher time frame. This system was tested and worked at EUR / USD pair. And It hasn’ t tested to another pair yet.

According to the author of this system (Canadian Dude from forexfactory.com), the first thing we have to understand is We look at the CCI 170 as this is our higher timeframe and we will only trading in the direction of the CCI 170 as it will give us a good indication what’s going on in the higher timeframe.

The best time to trade using this system is between 03:00 am EST time until 11:00 am EST time. Set stop loss -10 pips and profit taking will be explained later. So here are entry signals;

Long Trade

• CCI 170 Over the 0 Line showing uptrend
• CCI 34 Over 0 line as well showing uptrend
• Heiken Ashi Turns Blue
• RSI over 55 (very important don’t enter if RSI in between the 45-55 zone. 45-55 zone is danger zone so do not put entry position in this zone. Once it crosses in the same direction take the trade.

Short Trade

• CCI 170 under 0 line showing down trend
• CCI 34 under 0 line showing down trend
• Heiken Ashi turns red
• RSI under 45 same as above don’t trade when in the 45-55 zone

Important thing to remember: this system relies heavily on support resistance, fibs and pivot points so if near s/r lines wait to see if it crosses or uses it as resistance. Always follow the trend and look to buy and tops and bottoms.

One Scalping Ebook | One Scalping Indicators

Learn more from:

www.forexfactory.com

Tags: 5 Minutes Trader