Forex Day Trading System – H1 Forex Moving Average Scalping Strategies

H1 Forex Moving Average Scalping Strategies – Learning the correct approach to identify the trends when forex trading can make you a highly profitable trader. There are people who makes more than $10000 dollars per week using this simple approach to trading the forex. Sometimes we think that everything involved with forex trading has to be overly complicated in order to work. But simple approaches can work too if you know how to use them.

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I am not going to tire you by each indicator’s description. There is no need for you know it – the most important is the result you will get using this method.

So let’s consider the conditions that show the signal to buy.

1. Green color of running line on price chart;
2. Color of the candle on the main chart is dark blue;
3. Green color of the last point formed at the signal time or several bars from it;
4. On the main additional diagram a combo indicator points the following indexes (monitored bottom-up): a) a green criss-cross inside the quadrate; b) a green quadrate; c) a green criss-cross; d) a green indicator with up direction at the signal time or a bit earlier;
5. On the second additional diagram a white line has crossed a red one from the bottom upwards or it is already above it;
6. A current green column on the third diagram.

Closing of BUY position: at the reverse signal, stop-loss or take-profit;

1. A red running line on the price chart;
2. An orange candle on the main chart;
3. A red color of the last point, formed at the signal time or several bars from it;
4. On the main additional diagram a combo indicator points the following indexes (monitored bottom-up): a) a red criss-cross inside the quadrate; b) a red quadrate; c) a red criss-cross; d) a red indicator with up direction at the signal time or a bit earlier;
5. On the second additional diagram a white line has crossed a red one from the bottom upwards or it is already above it;
6. A current red column on the third diagram.

Closing of SELL position: at the reverse signal, stop-loss or take-profit;

Recommended SL from 70 pips, TP from 40 pips, trailing stop from 15 pips. The specific size of these parameters are selected individually, taking into account risk tolerance and specifics of your broker.

It should be noted that the manual trading system can give only the BUY or SELL signal. Capital management (stop-loss, take-profit, trailing-stop, risk management) fully depends on trader and he is the only one to make successful trades.

I wish you good luck in trading and hope my system will help you achieve success!

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