In forex terminology, ‘scalping’ is the name given to a fast, high volume trading strategy where positions are only left open for a matter of seconds or minutes at a time.

The primary goal of scalping is essentially taking a ‘quantity over quality’ approach to a certain degree, with these types of traders working to gain very small amounts of pips — but in comparatively high volumes — as fast as possible during peak trading times 

A fairly distinctive (and sometimes controversial) trading method, currency scalping carries with it a completely different set of aims and considerations to longer-term strategies such as swing or trend trading, which often entail a greater degree of planning and forethought and where single positions can be held open for days or weeks on end. Since scalping is usually done on the one minute chart, we decided to stretch this time frame to make the strategy less volatile. It needs monitoring but once keeping the default settings in mind, users should be expecting steady trading.