Forex EMA Scalping Strategy
This is a scalping system that is effective during 3 am to 11 am EST because there is a big breakout. By using this, you can get 30-100 pips. Use this on a 1 minute timeframe and try it on EURUSD.
Metatrader Indicator:
- EMA 4 close, EMA 14 and EMA 40 close
- CAO (Chaos Awesome Oscillator)
- Momentum Indicator
- Bollinger Bands 14, 2
Optional Indicators:
- Stochastic RSI or 33
- Ultimate Oscillator
- Support and Resistance
Long Entry:
- EMA 4 fast must cross up through the middle bollinger band.
- The CAO and momentum should cross the zero line going up.
- StochRSI or SS must be coming up and cross 50 line.
Short Entry:
- EMA 4 must cross down through the middle band.
- CAO and momentum should cross the zero lines going down.
- StochRSI or SS should turn down and cross the 50 line.
Take Profit when CAO changed color.
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