Last Updated on May 13, 2025 by Admin Tech

New York Session Forex Scalping Strategy

This is a scalping method wherein you have to use EMAs or exponential moving averages to identify a trend. This system works on EURUSD and GBPUSD pairs. Use this strategy during New York session. You can use this on a 5-minute chart.

Forex Indicators:

• Heiken Ashi;
• Exponential Moving Average 5 periods;
• Exponential Moving Average 10 periods;
• EMA Crossover Signal (4, 8, signal true);
• MACD (Fast EMA 9, Slow EMA 26, Signal SMA 9);
• Stochastic Oscillator (10, 3, 3, High/Low);
• Relative Strength Index (9 periods).

Long Entry:

• Heiken Ashi must be green.
• The stochastic oscillator must cross upward.
• Relative Strength Index (9 periods) is greater than 50-level.

Short Entry:

• Heiken Ashi must be red.
• The stochastic oscillator must cross downward.
• Relative Strength Index (9 periods) is less than 50-level.

Exit position:

• Exit the trade at the opposite arrow or quick take profit.
• Place initial stop loss below the previous swing.

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