AMA Bands Forex Scalping Strategy

This scalping strategy works on a 5-minute timeframe. AMA bands and 5-minute chart are the indicators that are used for this system. The currency pairs that are applicable to this system are EURUSD, GBPUSD.

Metatrader Indicators:

• Ama Bands ( 9, 30, 2);
• 5-minute chart.

General rules:

• Identify the trend.

Long Entry:

• 5-minute chart line subwindow indicator must be blue on the 5 min chart and 15 min chart.
• AMA bands blue arrow must appear but only on the 5 min chart.

Short Entry:

• 5-minute chart line subwindow indicator must be red on the 5 min chart and 15 min chart.
• AMA bands red arrow must appear but only on the 5 min chart.

Exit Position:

• The 5-minute chart indicator must change direction or on the pivots points levels.
• Place initial stop loss on the previous swing

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