Of course!
The scalping trading strategy relies on opening many trades with small profit targets and very short holding times (usually seconds to minutes). The goal is to benefit from small price movements. I will now give you a simple example of a strong scalping strategy:
Simple Scalping Strategy:
Time Frame:
One minute (M1) or 5 minutes (M5).
Required Indicators:
Exponential Moving Average (EMA):
EMA 50
EMA 200
Relative Strength Index (RSI):
Settings: 14 periods, levels 30 and 70.
Strategy Steps:
Overall Trend:
If EMA50 is above EMA200 → we look for buy trades only.
If EMA50 is below EMA200 → we look for sell trades only.
Signal Identification:
Wait for the price to come close to EMA50.
Check RSI:
If in a buy trend: RSI below 30 and starting to rise → Buy signal.
If in a sell trend: RSI above 70 and starting to drop → Sell signal.
Entry:
After confirming the signal, open the trade.
Take Profit and Stop Loss:
Target: 5 to 10 points (depending on the market).
Stop Loss: Behind the nearest low/high or 5 points behind the entry point.
Additional Tips:
Trade during active times (London or New York session).
Do not trade during strong news events.
Stick to strict capital management (e.g., 1% risk on the trade).
Be quick in decision-making; scalping does not tolerate hesitation.