There is a Forex scalping strategy that is used to trade on the 1-minute chart (M1) known as 'Scalping in Silence'. Beyond any doubt, this is a profitable Forex strategy if you follow all of its rules. We advise you to use the EURUSD currency pair.
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Forex Scalping Strategy Scalping in Silence
1. Forex Scalping Strategy ‘Scalping in Silence’
‘Scalping in Silence’ is a Forex scalping strategy for trading on the 1-minute chart (M1). Beyond any
doubt, this is a profitable Forex strategy if you follow all of its rules. We advise you to use the EURUSD
currency pair. For starters, you need to know that ‘Scalping in Silence’ has one special feature: you can
only trade from 9:00 to 11:00 GMT.
You should find a reliable Forex broker that provides the Metatrader 4 trading platform to use this Forex
scalping strategy.
Description of the Forex Strategy ‘Scalping in Silence’
Before using this Forex strategy for trading, you should adjust the chart window. Firstly, you should
place the following indicators on the chosen currency pair:
· Parabolic SAR (0.02 and 0.2) – green
· Parabolic SAR (0.005 and 0.05) – blue
You should remember that trades should only be opened towards the blue-colored Parabolic SAR. In
order to determine entry points, we will also need a Fibonacci grid. We should build a Fibonacci grid
after the price has broken out of the green-colored Parabolic. We will build this between the last local
minimum and maximum of the candle on which the reversal has occurred.
A buy trade using the Forex trading strategy ‘Scalping in Silence’ should be opened on the Fibonacci
level of 50%. A stop-loss should be placed two points below the last local minimum. It is best to limit
your risk to between 2% and 4%. Take-profit should be placed on the Fibonacci level of 164.8%.
Alternatively, you can use a trailing stop. If you want to open a sell trade, the requirements are exactly
the opposite.