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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