AMA Bands Forex Scalping Strategy [Updated]

0
806

AMA Bands Forex Scalping Strategy

This system uses a 5-minute chart and AMA bands indicator. This is a strategy that is useful on a 5-minute timeframe and is applicable to EURUSD and GBPUSD pairs. This system is a trend following system.

Metatrader Indicators:

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

General rules:

  • Identify a term trend.
  • If you trade on a 5M timeframe – go to one-time frame higher. (15M timeframe Chart in this case).

Long Entry:

  • 5-minute chart line subwindow indicator is blue on the 5 min chart and 15 min chart.
  • Blue arrow Ama bands must appear on a 5-minute chart.

Short Entry:

  • 5-minute chart line subwindow indicator is red on the 5 min chart and 15 min chart.
  • Red arrow Ama bands must appear on a 5-min chart.

Exit Position:

  • 5 min chart indicator change direction or on the pivots points levels.
  • Place initial stop loss on the previous swing.

Recommended MT4 Brokers

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<

Click here below to download:

Save

Save



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.

LEAVE A REPLY

Please enter your comment!
Please enter your name here