Luxury Forex Scalping Strategy

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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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