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1 Hour Forex Scalping Strategy

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The one hour forex scalping strategy is made to make use of the 60 minute time period. Instead associated with staying glued for your screen all day long, you only have to check your own charts as soon as every hour to find out new forex scalping possibilities.

Chart Setup

MetaTrader4 Indicators: 100pips Momentum.ex4 (default setting), indicatorarrows.ex4 (default setting).
Preferred Time Frame(s): 1-Hour
Recommended Trading Sessions: Any
Currency Pairs: Majors (EUR/USD, USD/JPY, GBP/USD, AUD/USD)

Example: EUR/USD 1-Hour Chart (click the image for full size)

30-pips-forex-scalper

As you can see from the EUR/USD 1-hour chart, 150 pips of profit were made from checking the chart once every hour. Check out the rules below.

Trading Rules

Buy trade conditions:

Enter a long position when both conditions are met as shown below:

  • the 100pips Momentum indicator triggers a buy bias when its blue line crossing the red line from below.(trend bias up)
  • Indicatorarrows paints a green arrow

==> Open a buy trade.

Stop-Loss: Place below the most recent support or below the red indicator line.

Take profit: Close the trade for 30 pips. Alternatively, close the buy trade when the Indicatorarrows indicator paints a red arrow (short-term bearish).

Sell trade conditions:

Enter a short position when both conditions are met as shown below:

  • the 100pips Momentum indicator triggers a sell bias when its blue line crossing the red line from above.(trend bias down)
  • Indicatorarrows paints a red arrow

==> Open a sell trade.

Stop-Loss: Place above the most recent resistance or above the red indicator line.

Take profit: Close the trade for 30 pips. Alternatively, close the sell trade when the Indicatorarrows indicator paints a green arrow (short-term bullish).

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