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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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