EMA Channel Forex Pivot Points Strategy

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EMA Channel Forex Pivot Points Strategy

This pivot stratgey is a scalping startegy. Any currency pairs will work on this system. This is applicable for 1 hour timeframe.

Forex Indicators:

  • Channel EMA 8 (8 EMA close. 8 EMA Low);
  • MACD (12; 26, 9);
  • Fibopivot2 or any pivot indicator;

For LONG:

  • Buying signals if is a closure of the price above a pivot level.
  • The price is greater EMA channel and line of the MACD is less than the histogram.

For SHORT:

  • Sellingsignals if is a closure of the price below a pivot level.
  • The price is less than EMA channel and line of the MACD is greater than the histogram.

Stop Loss

  • For buy 5-7 pips below the Ema channel;
  • For Sell 5-7 pips above the Ema channel.

Profit Target

  • 1 On the pivot level or 10-16 pips.

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