Forex Trading Strategy

[Leth]

Here is a very simple Forex scalping strategy thats been floating around the net. Take a look at it on a few charts and see if it something that you can use. A decent charting website or software is needed for this method.

1. Use a 1 minute chart.

2. Place a single SMA (55) on the chart. No other indicators are needed.

3. Entry points (long or short) are where the price breaks the SMA line.

4. Exit is your call, but watch closely the moment price reverses for two consecutive price bars/candles.

Optional: If you like moving average lines, place an additional SMA (8) on the chart and trade when the SMA's cross.

Proper risk management should be used with any trading system. See the following thread on how to build a more complete trading system:

http://www.trading-lab.com/forums/bu...tems-t196.html



*Disclaimer: Your personal choice in trading methods should be based on your evaluation and understanding of risk. The author and/or poster of this article is not liable for any personal losses accrued as a result of the above system(s) utilization.