Daily Forex Scalping Strategy

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Daily Forex Scalping Strategy

This is a scalping strategy that uses simple and basic indicator that is easy to comprehend. I will use an EMA indicator to determine the trend. It will also use MACD and CCI.
Timeframe would be a chart that is good for scalping and 5 minutes will do.

Forex Indicators:

  • EMA 21
  • MACD – default
  • CCI – default

Long Entry:

  • EMA 21 must be less than the price.
  • MACD is greater than 0.
  • CCI is greater line MACD.
  • Place stop loss at 40 pips and take profit at 50 pips.

Sell Entry:

  • The price must be less than the EMA 21.
  • MACD is less than 0.
  • CCI is less than line MACD.

Take profit at 50 pips and stop loss would be 40 pips.

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