AMA Bands Forex Scalping Strategy
This scalping strategy works on a 5-minute timeframe. AMA bands and 5-minute chart are the indicators that are used for this system. The currency pairs that are applicable to this system are EURUSD, GBPUSD.
Metatrader Indicators:
- Ama Bands ( 9, 30, 2);
- 5-minute chart.
General rules:
- Identify the trend.
Long Entry:
- 5-minute chart line subwindow indicator must be blue on the 5 min chart and 15 min chart.
- AMA bands blue arrow must appear but only on the 5 min chart.
Short Entry:
- 5-minute chart line subwindow indicator must be red on the 5 min chart and 15 min chart.
- AMA bands red arrow must appear but only on the 5 min chart.
Exit Position:
- The 5-minute chart indicator must change direction or on the pivots points levels.
- Place initial stop loss on the previous swing
Recommended MT4 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
>> Sign Up for XM Broker Account here <<
FBS Broker
- Trade 100 Bonus: Free $100 to kickstart your trading journey!
- 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
- Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
- ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
- Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.
>> Sign Up for FBS Broker Account here <<
Click here below to download: