Many traders scalp on the lower timeframes like M5, M15 and even M1. Scalping on M1 and M5 timeframes is risky as well as rewarding. You see scalping is more of an art as compared to a precise science. On the M1 and M5 timeframes, the potential of false signals is high due to the presence of high noise. You can catch big moves on the M5 timeframe but most of the moves will yield only 10-20 pips. Momentum traders love to trade M5 timeframe.If you are using candlesticks as your trigger for scalping, then on lower timeframes the potential of false candlestick signals is high.
How about H1 timeframe? On the higher timeframes like H1, H4, D1 and W1, candlestick signals work well. Forex Super Scalper Strategy is a simple system that uses candlesticks on H1 timeframe to make the trading decisions. Using H1 timeframe ensures, the percentage of false signals is low as compared to M1 and M5 timeframes. This Scalper System does not use any indicators. It just uses pure and simple price action. Trading with price action is what the pro traders do. Indicators are always lagging. Learn how to depend only on price action and trade naked.
If you want you can download this scalper strategy and test it on the demo account first. Always make it a rule to test a new strategy on the demo account thoroughly before you think about trading live with it. Testing thoroughly means you should make at least 100 trades with that strategy. Making 100 trades can take between one to two months but it will help you becoming more confident with that strategy. Plus you will also discover the limitations about that strategy which you can’t figure out with just 5-10 trades.
Making a trading journal is also a good practice. Enter each and every trade in that trading journal. With these 100 trades, calculate the winrate as well as the average size of the win. If you think this Forex Super Scalper is not a good strategy, simply get a refund. Meanwhile watch this video that explains a simple 10 pips per day scalping strategy.