Forex trading strategies scalping

Several free or paid scalping strategies are out there that scalpers use to make profits from small changes in currency prices in a short time frame.

Scalpers usually create numerous trades in a single day to profit from these small price movements in the arena. These traders implement several scalping strategy Forex trading to make a profit in these short durations.

Two of them are:

- Trend Signal v3 Strategy 

Trend Signal v3 is a short-term trade following scalping strategy Forex trading. It uses indicators Buyers vs. Sellers V3 and Bykov Trend Signal. Preferred time frames in this strategy are: 1 minute, 5 minute, and 15 minutes.

BUY Rule

  • When a blue upward pointing arrow of the Bykov Trend Signal indicator aligns below the candles.

  • When vertical limit bars of the Buyers vs. Sellers V3 indicator gets displayed within the window.

Stop-loss order – Place under short-term support.

Exit/Take Profit strategy:

  • When a magenta downward pointing arrow of the Bykov Trend Signal indicator is displayed above the price bar.

  • When red vertical bar forms within the Buyers vs. Sellers V3.

SELL Rules:

  • When a magenta downward pointing arrow of the Bykov Trend Signal is displayed above the price bars.

  • When red vertical bars of the Buyers vs. Sellers V3 indicator is displayed within its window.

Stop-loss order – Place above short-term resistance.

Exit/Take Profit strategy:

  • When a blue upward pointing arrow of the Bykov Trend Signal is displayed below the candles.

  • When a lime vertical bar forms within the Buyers vs. Sellers V3 indicator window.

(Note – Explained in as per Default Setting)

- Sniper Magic Strategy 

Sniper Magic scalping strategy Forex trading is effective in the 1 minute, 5 minutes, and 15-minutes trading charts. It contains the FX Sniper’s T3 CCI and the Buy Sell Magic 02 indicator. Preferred time frames in this strategy 1 minute, 5 minute, and 15 minutes.

BUY Rules:

  • When a lime upward pointing arrow and a blue dotted line of the Buy Sell Magic 02 indicator gets aligned below the candles.

  • When a blue line and green histograms of the FX Sniper’s T3-CCI indicator breaks and hovers over the 0.00 level

Stop-loss order – Place under short-term support

Exit/Take Profit strategy:

  • When a downward redpointing arrow of the Buy Sell Magic 02 indicator is displayed above the candles.

  • When a blue line of the FX Sniper’s T3-CCI indicator sinks below the 0.00 level.

SELL Rules:

  • When a dotted line and downward pointing red arrow of the Buy Sell Magic 02 indicator gets displayed above the candles.

  • When red histograms and a blue line of the FX Sniper’s T3-CCI indicator is seen to sink below the 0.00 level.

Stop-loss order – Place above short-term resistance.

Exit/Take Profit strategy:

  • When an upward pointing lime arrow of the Buy Sell Magic 02 indicator is displayed below the price bars.

  • When a blue line of the FX Sniper’s T3-CCI indicator goes above the 0.00 level.

Others

Some other Forex trading strategies scalping options include Darvas Forex, Squeeze Arrows, Bands Forex, Correlation Cycle, ATR Trend Forex, Arrow Signal Forex, Forex Signal, etc.

If you are a beginner looking for scalping strategy Forex trading to implement, then these 2 can be of prime help. Test them out with demo trading and make proper use of them when trading with live money.

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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