Simple EMA Predictive Forex Scalping Strategy


Simple EMA Predictive Forex Scalping Strategy

This is a scalping strategy is based on an EMA indicator. This is to know the trend. It works on a 15 minute or 30 minute timeframe. This is applicable to any currency pairs.

Metatrader Indicator:

  • EMA Predictive fast red line (20, 8, 1,);
  • EMA Prdictive slow green line (30, 10, 1,);
  • RSI (11);
  • Stochastic (14,3,3,)
  • LC Pivot levels

Buy Entry:

  • EMA Predictive fast is greater than EMA Predictive slow.
  • RSI is above the level 50 line.
  • Stochastic is greater than 50.

Sell Entry:

  • EMA Predictive fast is less than EMA Predictive slow;
  • RSI is below the level 50 line.
  • Stochastic is less than 50.

Exit position:

  • On the pivot levels.
  • Take profit at 8-15 pips in a 15 min Time Frame. 12-18 pips 30 min Time Frame.

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