Forex EMA 5 Scalping Strategy

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Forex EMA 5 Scalping Strategy

This is a scalping system that works on a 5-minute timeframe and is applicable to EURUSD and GBPUSD pairs. This trading system is easy because it will only use basic indicators and EMA is one of them.

Forex Indicators:

  • EMAs: 5 EMA to the open(red line) & 5 EMA to the close(green line);
  • Stochastic indicator;
  • MACD indicator.

Long Entry:

  • The Stochastic must cross up from the line 20 and is not overbought.
  • The MACD must close higher than the previous value.
  • The Signal candle must close bullish determined by a white color.
  • The 5 EMAs must cross each other.
  • Trade signals are only confirmed on closed candles.

Short Entry:

  • The Stochastic must cross down from the 80 line and is not oversold.
  • The MACD must close lower than the previous value.
  • The Signal candle must close bearish determined by a black color.
  • The 5 EMAs must cross each other.
  • Trade signals are only confirmed on closed candles.

Exit:

  • Exit the position when the EMA 5 cross again.
  • Exit the position when there is a reversal.
  • Place stop loss 20 pips minimum or the low of the previous candle.

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