From my old indicator archive, I got this indicator and template set on the MT4 platform that I thought may be useful for my readers. I have already shared costly trading systems like 10 Minutes Forex Wealth Builder OR 241 Forex System. Now, most of the earlier shares were single indicators or couple of indicators or a pdf file or a template. This 1 Minute Scalping System system is a combination of indicators with a template that can be used as a complete forex trading system.
Now watch the following image of 1 Minute Scalping System. As this system is a combination of many indicators lets see the indicators combo carefully.
A picture worth 1000 words. Watch the image above to jot down the buy-sell criteria. As the name suggests the time frame of the chart is 1 minute (M1).
1 Minute Scalping Technique Buy Rule:
- Price should be above the donchian channel peak.
- Dots should be sky blue.
- Price should be above the 3-band combo.
- Open up a buy order.
1 Minute Scalping Technique Short Sell Rule:
- Price should be below the donchian channel trough.
- Dots should be pink.
- Price should be below the 3-band combo.
- Open up a sell order.
The creator of this trading system also has attached a profit and loss statement with the system. I have not tested the authenticity of this statement. But I am attaching this profit and loss statement below so that you can have a better understanding on this scalping system.
You can unlock the download link of the 1 Minute Scalping System by using any of the sharing buttons below. The download contains the following:
- 8 indicators.
- 1 template.
- No installation OR usage guide.
You can use this 1-minute scalping technique in your live trades, but I shall suggest you use on a demo account for at least 15 days. Refer to our disclaimer before using this trading system.
Categories: Forex Trading Systems
Leave a Reply