1 minute scalper

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Presents The 1 Minute Scalper By Russ Horn

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Page 1: 1 Minute Scalper

Presents

The 1 Minute Scalper

By Russ Horn

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RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT

Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation nor an offer to Buy/Sell any financial market.

The contents of this report are for general information and educational purposes only (contents shall also mean the website www.rapidresultsmethod.com or any website the content is hosted on, and any email correspondence or newsletters or postings or affiliate site as related to such website). Every effort has been made to accurately represent this product and its potential. There is no guarantee that you will earn any money using the techniques, ideas and software in these materials. Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning potential is entirely dependent on the person using our product, ideas and techniques. We do not purport this to be a “get rich scheme.”

Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. We do not accept any liability for error or omission. Examples are provided for illustrative purposes only and should not be construed as investment advice or strategy.

No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this report or anywhere on www.rapidresultsmethod.com. Past performance is not indicative of future results.

By purchasing and/or using any content or product including material herein contained, subscribing to our mailing list or using the website or contents of the website or materials provided herewith, you will be deemed to have accepted these terms and conditions in full as appear also on our site, as do our full earnings disclaimer and privacy policy and CFTC disclaimer and rule 4.41 to be read herewith. So too, all the materials contained within this course, including this manual, whether they appear on our domain(s) or are in physical form, are protected by copyright. "Warning: The unauthorized reproduction or distribution of this copyrighted work is illegal. Criminal copyright infringement, including infringement without monetary gain, is investigated by the authorities and is punishable with imprisonment and a fine." We reserve all our rights in this regard.

Old Tree Publishing CC, in association with www.rapidresultsmethod.com, the website, content, and its representatives Including Russ Horn do not and cannot give investment advice or invite customers or readers to engage in investments through this report or any associated software or any subscription to any part of it.

The information provided in this content is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

Hypothetical performance results have many inherent limitations, some of which are mentioned below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and actual results subsequently achieved by any particular trading program and method or software. Old Tree publishing by users download and/or use of this report is indemnified fully by any such user in any and all and each respect possible.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

For example, the ability to withstand losses or to adhere to a particular trading program or system in spite of the trading losses are material points that can also adversely affect trading results. There are numerous other factors related to the market in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results. All of which can adversely affect actual trading results.

We reserve the right to change these terms and conditions without notice. You can check for updates to this disclaimer at any time by visiting www.rapidresultsmethod.com.

Governing law: This policy and the use of this report/eBook, provided in any form, and any content on the website site are governed by the laws of the Republic of South Africa. Further details on this are found under the Terms and conditions on our site. Please ensure you read and agree with all Terms and Conditions as set out on our site before using any of the materials. Your use and reliance on the materials is based on your acceptance of such Terms and Conditions and policies as appear on the site.

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The 1 Minute Scalper Today, I want to show you a very simple but also very profitable scalping system for trading the lowest timeframe available on the MetaTrader4 platform – the M1 (1 minute) chart. Most traders nowadays think that M1 scalping is a very hard task to do, but at the end of this report you will discover that when you know how to trade properly, even M1 can be a very profitable timeframe, especially when you don’t have so much time to spend in front of your screen.

System Components & Indicators

Timeframe: M1(1 minute)

Currency Pairs: EUR/USD, GBP/USD, AUD/USD, however, any other pair with low spreads can be used. Low spreads are essential because of the low timeframe we will use, otherwise, a big spread will just eat our profits.

Indicators:

1. 100 Exponential Moving Average (EMA) - set to the close price. 2. 50 EMA - set to the close price. 3. Stochastic Oscillator with default settings - %K period = 5, Slowing = 3, %D

period = 3, Price field = Low/High, MA method = Simple and with levels at 20 and 80 (default).

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Chart Setup 1. 100 Exponential Moving Average (EMA) - set to the close price. The image below shows how to apply the 100 EMA onto your chart:

1. Click on the M1 (1 minute) tab, so this timeframe will be shown. 2. Click on the Navigator button to open the Navigator widow. 3. Click on Indicators to expand the list of indicators. 4. Find Moving Averages on the list and double click on it. The settings dialogue

box will pop up, where to set the parameters of the 100 EMA. 5. Set the Period at 100. 6. Leave Shift at 0. 7. Click on the MA method drop down menu and select Exponential. 8. Leave the Apply to section at the default value, Close. 9. Click Style to choose the color for your 100 EMA. On this chart Crimson is

used. 10. Leave the line type as it is by default. 11. This is for setting the 100 EMA line width. 12. Click on the OK button to apply the 100 EMA on your chart.

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2. 50 EMA - set to the close price. On the next image below, you can see how to add the 50 EMA onto your chart. It is the same as for the 100 EMA, so just follow the same steps explained above.

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3. Stochastic Oscillator with default settings: %K period = 5, Slowing = 3, %D period = 3, Price field = Low/High, MA method = Simple and with levels at 20 and 80 (default).

1. Click on the Navigator button to open the Navigator widow. 2. Click on Indicators to expand the list of indicators. 3. Find Stochastic Oscillator on the list and double click on it to open the settings

dialogue box. 4. Leave %K period at 5 as it is by default. 5. Leave Slowing at 3 as it is by default. 6. Leave %D period at 3 as it is by default. 7. Leave Price field at Low/High as it is by default. 8. Leave MA method at Simple as it is by default. 9. Click on the OK button for the Stochastic Oscillator to appear on your chart.

Now you know the indicators used in the system and how to insert them on your chart, we can continue with the trading condition that must be met for placing a trade.

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Long Entry Rules 1. The 50 EMA must be above the 100 EMA. 2. We wait for the price to retrace back to the EMAs. 3. The Stochastic Oscillator must cross above the 20 level from below. 4. As soon as all the conditions above are met, we can open a buy order. 5. The Stop Loss is set 2-3 pips below the last swing low point or the 100 EMA,

whichever is closer. 6. The Take Profit target is set 7-12 pips away from our entry.

Let’s have a look at a long trade example on the next page.

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Long Trade Example In the image below, we have a long trade example on the EUR/USD. The vertical line “A” marks the long trade set up.

First, the 50 EMA is above the 100 EMA and this gave the signal to look for long entries only. The price retraced back to the 100 EMA and the Stochastic Oscillator crossed above the 20 level from below, which gave us the actual entry trigger. A long trade was opened at the close of the signal candle, where all the conditions above were met along the horizontal line “B” at 1.29333. Immediately after the long position was opened, a Stop Loss of 6 pips was set at 1.29273. That is exactly 2 pips below the last swing low point (horizontal line “C”). Then, a Take Profit Target of 12 pips above the entry was set at 1.29453 (horizontal line “D”). As you can see, the Profit Target was hit 4 minutes later. Now let’s take a look at Short trade conditions.

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Short Entry Rules 1. The 50 EMA must be below the 100 EMA. 2. Wait for the price to retrace back to the EMAs. 3. The Stochastic Oscillator must cross below the 80 level from above it. 4. As soon as all the conditions above are met, we can place a sell trade. 5. The Stop Loss is set 2-3 pips below the last swing high point or the 100 EMA,

whichever is closer. 6. The Take Profit is set 7-12 pips away from our entry.

Let’s take a look at a short trade example.

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Short Trade Example Here is a short trade on the AUD/USD. The vertical line “A” marks the short trade set up.

Firstly, the 50 EMA was below the 100 EMA and this tells us to look for short entries only. The price retraced back to the area between the 50 EMA and the 100 EMA and the actual short entry signal was given by the Stochastic Oscillator that crossed below the 80 level from above. Immediately, a short trade was placed at the close of the signal candle, where all the conditions above were met along the horizontal line “B” at 1.02397. Then, a Stop Loss of 5pips was set at 1.02445, and that’s exactly 3 pips above the last swing high point (horizontal line “C”). Then, a Take Profit of 12 pips below the entry was set at 1.02277 (horizontal line “D”). The profit target was hit 9 minutes later.

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Today, you have learned a very good scalping system that can bring you profits if traded properly. The best thing about this system is that you can trade it even if you don’t have much free time, as it is traded on a 1 minute timeframe. Thank you very much for your time, best of luck to you in your trading and in your life as a whole. Best Regards,

P.S. If you need help, you can send me an email at [email protected]

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