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 to use on a demo account for at least 15 days. Refer to our disclaimer before using this trading system.
Indrajit is playing with Metatrader since 2010. He has vast knowledge in creating testing MT4 indicators and expert advisors. He also tests expert advisors in auto trading in VPS in MyFXBook verified accounts.