The 1 Pip Forex Trading System

With so many people on the look out for a good forex trading system I decided to write a simple forex system I have used in the past with good results.

The system is called the 1 pip forex trading system. You will need a 15 minute candlestick chart of your favourite currency pair. Green candles for bullish candles and red candles for bearish candles.

This trading system requires monitoring the screen while you are trading but it rewards you greatly once you get the hang of this simple method.

Here are the simple rules to follow for the system.

Look for a candle to close with the open and close of the candle to be within 1 pip of each other. These candles happen more often than you may think on a 15 minute chart and are usually a strong sign of indecision in the market. Usually after a swing move up or down hitting a support/resistance level.

If the 1 pip candle closes green and the previous candle is at least 4 pips from open to close then you buy at the close of the 1 pip candle.

If the 1 pip candle closes red and the previous candle is at least 4 pips from open to close then you sell at the close of the 1 pip candle.

Stops are always placed just above/below the previous swing high/low plus a couple of pips. Try and keep you targets small, don't get too greedy with this system.

This system is great to grab 10-15 pips at a time without too mush trouble.

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