Simple Moving Averages Forex Scalping Strategy

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Simple Moving Averages Forex Scalping Strategy

This is a scalping strategy that uses the trend to trade. The indicators used in this system are indicators that identify a trend and these are the simple moving averages. This works on a 1-minute timeframe and useful for EURUSD and GBPUSD pairs.

Metatrader Indicators:

  • 50 simple moving average;
  • 100 simple moving average;
  • Superscalper indicator (28, 3,3.0,3)

Long Entry:

  • 50 SMA must cross 100 SMA.
  • Superscalper changes color from yellow to blue.

Short Entry:

  • 50 SMA must cross 100 SMA.
  • Superscalper changes color from blue to yellow.

Note: Do not trade when the price is between the two moving average.

Exit position:

  • Close trade when the SuperScalper changes color.
  • Take profit at 8 pips for EURUSD and 10 pips for GBP/USD.
  • Set stop loss at 15 pips.

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