Guppy 5 min scalping strategy

Guppy 5 min scalping strategy is a pure trend following system based on the crossover of two guppy di EMAs.
Time frame 5 min or higher.
Currency pairs: EUR/USD, GBP/USD, GBP/JPY, USD/JPY.
Trading Sessions: London and New York.
Forex Indicators
Orange color
3 Ema, close,
5 Ema close,
7 Ema close,
9 Ema close,
11 Ema close,
13 Ema close.
Blue color
21 Ema, close,
24 Ema close,
27 Ema close,
30 Ema close,
33 Ema close,
36 Ema close.
Ema 55 Color Red
RSI (16 period, close, with 42 and 58 levels).
Trading Rules Guppy 5 min scalping strategy
Buy
When the orange EMAs cross upward the blue EMAs,
The cross over of the EMAs occur above the 55 EMA line.
RSI above 58 level.
For entry wait for the retracement,of the prices between two guppy or into the blue EMAs, also, if RSI came back between 42 – 58 levels.
Profit Target 5-10 pips
Initial stop loss 11-15 pips.
Sell
When the orange EMAs cross downward the blue EMAs,
The cross over of the EMAs occur below the 55 EMA line.
RSI below 42 level.
For entry wait for the retracement,of the prices between two guppy or into the blue EMAs, also, if RSI came back between 42 – 58 levels.
Profit Target 5-10 pips
Initial stop loss 11-15 pips.
In the sideways market this strategy generates false signals,

Guppy 5 min scalping strategy

Guppy 5 min scalping strategy

Guppy 5 min scalping strategy

Guppy 5 min scalping strategy


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