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Free Forex Scalping Strategy
This is a scalping strategy that uses EMA or exponential moving average and this is to idenitfy the current trend. It also uses various indicators that compliments with each other. This strategy works on a 15 minute timeframe and is applicable to any currency pairs.
Metatrader Indicators:
- DPI Indicator;
- Free Forex;
- XPS Session;
- exponential moving average 34;
- exponential moving average 89.
Long Entry:
- DPI Indicator must be greater than 34 EMA and 89 EMA.
- Buy when Free Forex have three or four bars blue.
Short Entry:
- DPI Indicator must be less than 34 EMA and 89 EMA.
- Buy when Free Forex have three or four red bars.
Exit Position:
- Quick take profit depends on the currency pairs minimum of 7 and maximum of 10 pips.
- Stop loss should be 15-20 pips.
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