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 a 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.
What is a Scalping Trading System?
Scalping is a type of day trading strategy that involves taking quick profits on relatively small price movements by conducting multiple trades over a short period. Traders who employ scalping get in and out of markets quickly, aiming to capture tiny chunks of profit without holding any long-term positions. Scalpers may use technical analysis alongside economic news announcements to identify opportunities they can leverage into profit. These traders often have very strict risk management rules in place that limit their exposure to losses during bumpy market conditions.
How to Trade the 1-Minute Scalping System?
As the name suggests the 1 Minute Scalping System is designed to take very fast profits out of the forex market. Now watch the following image of the chart below. As this system is a combination of many indicators let’s 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).
Buy Signal Rule
- The price should be above the Donchian Channel peak.
- Dots should be sky blue.
- The price should be above the 3-band combo.
- Open up a buy order.
Short Sell Signal Rule
- The price should be below the Donchian Channel trough.
- Here, the dots should be pink.
- The price should be below the 3-band combo.
- Open up a sell order.
Backtest Report for the 1-Minute Scalping System?
The creator of this trading system also has attached a backtest report and 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 of this scalping system.
The Download Link of the 1-Minute Scalping System
You can unlock the download link of the 1 Minute Scalping System from this link. The download contains the following:
- 8 indicators.
- 1 template.
- No installation OR usage guide.
Conclusion
You can use this 1-minute scalping technique in your live trades, but I shall suggest you use it on a demo account for at least 15 days. Refer to our disclaimer before using this trading system. Lastly, if this proves to be a useful trading system, do not forget to say thanks in the comments section.
