Advanced Trendline Forex Scalping Strategy

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Advanced Trendlines trading System

This strategy uses a EURUSD and GBPUSD pairs in a 1 minute and 5 minute timeframe. Indicators needed are listed below:

  • 75 EMA (1min Chart),
  • 50Ema (5min Chart)
  • Advanced Trendline

Rules for Long Entry:

  • The 50 exponential moving average is sloping up and the currency exchange price is trading above the 50EMA.
  • Draw falling trend lines in the uptrend.
  • Go long if the price breaks and closes above the falling trendline.
  • Place your stop loss 3 pips below the breakout candlestick.
  • Stop loss should not exceed 15 pips, minimum stop loss is 10 pips.
  • Take profit at 8 pips for EURUSD and 10 pips for GBPUSD.

Rules for Short Entry: 

  • The 50 exponential moving average is sloping down and the currency exchange price is trading below the 50EMA.
  • Draw rising trend lines in the downtrend.
  • Go short if the price breaks and closes below the rising trend line.
  • Place your stop loss 3 pips above the breakout candlestick.
  • Stop loss should not exceed 15 pips, minimum stop loss is 10 pips.
  • Take profit at 8 pips for EURUSD and 10 pips GBPUSD.

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