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One Minute Scalper
This system is for scalping using a EMA (Exponential Moving Average) indicators. Great for 1 minute chart and can be use in EURUSD, GBPUSD and AUDUSD pairs. Indicators that are present in this strategy are as follows:
- EMA period 100
- EMA period 50
- Stochastic (5, 3,3)
For LONG entry:
- 50 EMA must be greater than 100 EMA.
- Look for significant support levels.
- Wait for the price to pull back to the support line.
- Stochastic oscillator must be below 20 back above 20.
- Open a long trade
- Set Stop Loss 3 pips below support and Take Profit at 7-12 pips
For SHORT entry:
- EMA 50 must be less than EMA 100
- Look for a significant level of resistance.
- Wait for the price to pull back to the resistance line.
- Stochastic oscillator must be above 80 back below 80.
- Open a short trade.
- Set Stop Loss 3 pips above resistance and Take Profit at 7-12 pips.
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