Forex Wave Scalping Strategy


Forex Wave Scalping Strategy

This is a scalping strategy that uses a 1 minute to 30 minutes timeframe. This is applicable to all currency pairs also. In this strategy, we will be observing more on the waves and MACD as the confirmation indicator.

Forex Indicators:

  • 34EMA High (green)
  • 34EMA Low (Red)
  • 34EMA close (white)
  • 161EMA
  • Pivot
  • Stochastic (8,3,3,)
  • RealMACD (5, 15,5)

Long Entry:

  • The price must retrace into the wave from above the wave.
  • The candle must close above the wave
  • Stochastic is greater than 50.
  • MACD is greater than 0.

Short Entry:

  • The price must retrace into the wave from below the wave.
  • The candle must close below the wave.
  • Stochastic is less than 50.
  • MACD is less than 0.
  • For 30 Minutes timeframe:

Stop Loss:

  • SELL: Place 2 pips above 34 EMA close.
  • BUY: Place 2 pip below 34 EMA close.

Take profit at he pivot level or take it at 35 pips.

Recommended MT4 Brokers

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

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<

Click here below to download:



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.


Please enter your comment!
Please enter your name here