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Luxury Forex Scalping Strategy
This is a scalping strategy that uses 5 minute timeframe and is applicable to all major pairs. This system using more on the EMA indicators.
Forex Indicators:
- EMA 20
- EMA 50
- EMA 200
- MAX OBOS oscillators 30-40 adn 10-20.
Long entry:
- EMA 20 is greater than EMA 50.
- EMA 50 is greater than EMA 200.
- Max oscillator 10-20 red is greater tha the blue max oscillator 30-40.
- Re-entry signal could be the pullback of the price towards the rising EMA with previous conditions.
Short entry:
- EMA 20 must be less than EMA 50.
- EMA 50 must be less than EMA 200.
- MAX Oscillators (10-20 red) is less than Max Oscillators (30-40 Blue).
- Re-Entry signal is the pullback of the price towards the rising EMA’s with the previous conditions.
Place stop loss at 2 pips + spread below or above EMA 50
Take profit at 8 pips for EU, 6 pips for AU and 10 pips for GU.
For buy, EMA 20 is below 50
For sell, EMA 20 is above EMA 50.
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