One Minute Scalp with 200 EMA trading system
This system is trend following based on the direction of 200 EMA or Exponential Moving Average. Use this system on a 1 minute timeframe in all major currency pairs.
Forex Indicators:
- 4xFreewayTrendsignal.mq4,
- nonlagma7.1,(40)
- 4xFreewayZig.mq4,
- Freeway Heiken.mq4,
- highwayH1.mq4,
- 200EMA.
Short entry rules:
- 200 EMA must be pointing DOWN the RED LINE,
- The Alert window indicates a SELL,
- NonLagMa is red,
- Sell only on a downtrend.
For Long entry:
- 200 period exponential moving average must be is pointing UP the RED LINE,
- The Alert window has told you to BUY,
- NonLagMa is Green,
- Buy on an uptrend.
The Exit Strategy
To exit the position, 4x FreewayTrendsignal Indicator must give a signal in an opposite direction.
A Yellow Arrow on a BUY Order
A Blue Arrow on a SELL Order
The ALERT Window gives a signal in the opposite direction.
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