Scalping on GBP/JPY on minutes

I have been trading GBPJPY with this simple method for about a week now and it has proven successful in 90% cases. The only misfire was caused by a spike during the news, so I strongly advise to stop trading this method for 30 minutes before and 30 minutes after the news release to avoid losses. This trading strategy should work well on all pairs, but because of the high volatility and walkability I like this one, it gives a very good risk to profit ratio. Personally I feel most comfortable working from 7:00 to 20:00 GMT.

Marketplace: Forex;
Currency pairsGBPJPY;
Timeframe: M1;
Indicators : LaGuerre, EMA, Bollinger Bands;
Strategy: pips;
Trading time: from 7:00 a.m. to 8:00 p.m. GMT;
Protective orders: StopLoss, TrallingStop, TakeProfit.

Used Indicators of the Trading Strategy

– LaGuerre 1 - for entry - Gamma 0.55, levels 0.15, 0.85,0.45, bars for analysis - 9500, color - green;
– LaGuerre 2 - for exit - Gamma 0.85, levels 0.15, 0.85, 0.45, bars for analysis - 9500, color - red;
– Bollinger Bands - 20, 0 on close (default settings). In an uptrend, the average line of this indicator works as support, and in a downtrend it works as resistance.
– EMA(200) (red) and EMA(60) (blue) to help detect support and resistance.

Rules of the trading strategy

Entry to Buy: the Laguerre 1 indicator is above 0.15 and pointing up.
Exit purchase: Laguerre 2 from the top reverses down and crosses 0.85.

Entry to the sale: Laguerre 1 is below 0.85 and is directed downward.
Exit from sale: The laguerre 2 from zero level reverses upwards and crosses 0.15.

The exit is either by the conditions above, or when the take profit level of 25 pips is reached, which will happen sooner. Stop Loss is always 15 pips from the entry level.

Remember when trading the 1-minute charts, try to move your stop loss once you have made a 5 pip profit, because GBPJPY is very fast to change. Move your stop every 5 pips or place a trailing stop at the same 5 pips.