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Simple EMA Predictive Forex Scalping Strategy
This is a scalping strategy is based on an EMA indicator. This is to know the trend. It works on a 15 minute or 30 minute timeframe. This is applicable to any currency pairs.
Metatrader Indicator:
- EMA Predictive fast red line (20, 8, 1,);
- EMA Prdictive slow green line (30, 10, 1,);
- RSI (11);
- Stochastic (14,3,3,)
- LC Pivot levels
Buy Entry:
- EMA Predictive fast is greater than EMA Predictive slow.
- RSI is above the level 50 line.
- Stochastic is greater than 50.
Sell Entry:
- EMA Predictive fast is less than EMA Predictive slow;
- RSI is below the level 50 line.
- Stochastic is less than 50.
Exit position:
- On the pivot levels.
- Take profit at 8-15 pips in a 15 min Time Frame. 12-18 pips 30 min Time Frame.
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