EMA 200 With Rainbow Forex Scalping Strategy

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EMA 200 With Rainbow Forex Scalping Strategy

This is a strategy that uses EMA 200 with forex rainbow indicator. This is useful in London and New York sessions. This strategy is applicable in any currency pairs in a 15 minute timeframe. Since EMA is used in this system,
we expect that the market would be trending.

Forex Indicators:

  • 200 EMA High
  • 200 EMA low
  • Forex Rainbow

Long Entry:

  • The price must breaks upper channel 200 exponential moving average.
  • Buy when aqua dot appear in forex rainbow indicators.

Short Entry:

  • The price must break lower channel 200 exponential moving average.
  • Buy when aqua dot appear forex rainbow indicators.

Exit Position:

  • Quick take profit depends on the currency pairs. (min 7-max 10 pips)
  • Stop loss should be 15-20 pips.
  • for buy 2 pips below lower channel;
  • for sell 2 pips above upper channel.

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