Last updated:
Daily Forex Scalping Strategy
This is a scalping strategy that uses simple and basic indicator that is easy to comprehend. I will use an EMA indicator to determine the trend. It will also use MACD and CCI.
Timeframe would be a chart that is good for scalping and 5 minutes will do.
Forex Indicators:
- EMA 21
- MACD – default
- CCI – default
Long Entry:
- EMA 21 must be less than the price.
- MACD is greater than 0.
- CCI is greater line MACD.
- Place stop loss at 40 pips and take profit at 50 pips.
Sell Entry:
- The price must be less than the EMA 21.
- MACD is less than 0.
- CCI is less than line MACD.
Take profit at 50 pips and stop loss would be 40 pips.
Recommended MT4 Broker
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
>> Sign Up for XM Broker Account here <<
Click here below to download:
Enter Your Email Address below, download link will be sent to you.
Get Download Link