Easy Forex Scalping Strategy

The Easy Forex Scalping Strategy is a simple yet effective approach to scalping, using basic indicators and low-spread currency pairs to identify potential trades and generate signals. In this article, we will delve into the workings of this strategy and explore how it can be used to make better trading decisions. Whether you are a beginner or an experienced trader, the Easy Forex Scalping Strategy can be a valuable tool in your trading arsenal.

What is the Easy Forex Scalping Strategy?

The Easy Forex Scalping Strategy is a simple yet effective approach to trading that is designed for low-spread currency pairs and 1-minute trading charts. It uses basic indicators such as the 12 and 26 exponential moving averages (EMAs) and the 55 simple moving averages (SMA) to identify potential trading opportunities. This strategy is suitable for traders who prefer short-term trading and aim to make quick profits. It is recommended to apply this strategy during the London and US trading sessions when there is typically high volatility in the market. However, traders must be aware of the risks associated with scalping, such as the possibility of losses due to sudden market movements. Additionally, traders must have a disciplined approach to money management and exit their positions when they reach their predetermined profit targets or stop losses.

Easy Forex Scalping Strategy

The Easy Forex Scalping Strategy is a simple yet effective approach to trading low-spread currency pairs on the 1-minute chart. It utilizes three basic indicators: the 12 exponential moving average (EMA), 26 EMA, and 55 simple moving average (SMA). The strategy involves opening long positions when the 12 EMA crosses up the 26 EMA and 55 EMA from below, and short positions when the 12 EMA crosses down the 26 EMA and 55 EMA from above.

A protective stop-loss should be placed below the most recent swing low for long positions and above the most recent swing high for short positions. Trades should be exited for 9 to 15 pips profit. The strategy is best suited for the US and London trading sessions for currency pairs such as EUR/USD and USD/JPY.

Buy Signal

Easy Forex Scalping Strategy Buy Signal
Easy Forex Scalping Strategy Buy Signal
  • The 12 EMA crosses up the 26 EMA and 55 EMA from below
  • Open a buy position
  • Place a protective stop-loss below the most recent swing low
  • Exit the trade for 9 to 15 pips profit

Sell Signal

Easy Forex Scalping Strategy Sell Signal
Easy Forex Scalping Strategy Sell Signal
  • The 12 EMA crosses down the 26 EMA and 55 EMA from above
  • Open a sell position
  • Place a protective stop-loss above the most recent swing high
  • Exit the trade for 9 to 15 pips profit

Easy Forex Scalping Strategy Pros & Cons

Pros

  • The strategy is based on simple and widely used indicators.
  • It can be applied to low-spread currency pairs, which typically have better trading conditions.
  • The strategy is designed for short-term trading, making it suitable for traders who prefer quick profits and frequent trades.
  • The strategy can be used during the London and US trading sessions, providing ample trading opportunities.

Cons

  • Scalping strategies require high levels of focus and discipline, which can be mentally exhausting.
  • The strategy may not be suitable for traders who prefer longer-term trades and are not comfortable with quick entries and exits.
  • The strategy requires traders to be active during specific trading sessions, which may not be feasible for those with other commitments.
  • The strategy relies heavily on technical indicators and may not consider fundamental factors that can impact the market.

Conclusion

In conclusion, the Easy Forex Scalping Strategy can be a profitable trading strategy when used correctly. It requires traders to closely monitor the market on 1-minute charts during the London and US trading sessions and to use basic indicators such as the 12 EMA, 26 EMA, and 55 SMA. While the strategy has its advantages in terms of its simplicity and potential for quick profits, it also carries risks such as high-frequency trading, which can lead to increased transaction costs and losses. As with any trading strategy, it is important to thoroughly test and adjust the Easy Forex Scalping Strategy to suit individual trading styles and risk management techniques


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