Scalping Strategy “Three Lines”

This scalping strategy Three lines is based on three EMA and two stochastic indicators.
Time Frame 5 min.
Currency pairs with small spread and high volatility as GBP/USD, GBP/JPY, EUR/GBP, USD/JPY and EUR/USD.
Sessions: London and New York.
Forex Indicators:
21 EMA, close.
34 EMA, close.
60 EMA close.
Slow Stochastic oscillator (11,8,8)
Fast Stochastic oscillator (5,4,4),
BUY
A long position is opened as far as %K line of the slowest Stochastic indicator crosses upward.
The fastest (red) EMA line is above the middle (blue) EMA line, and the blue EMA line is, in turn, above the slowest (green) EMA line. It doesn’t matter if the EMA lines are below or above the price chart.
The %K line of the fastest Stochastic indicator crosses upward. When all the conditions are true, the strategy opens a long position with the corresponding Trailing stop and Take profit. A long position will be closed by take profit or trailing stop.
SELL
A short position is opened as far as %K line of the slowest Stochastic indicator crosses downward
The fastest (red) EMA line is below the middle (blue) EMA line, and the blue EMA line is, in turn, below the slowest (green) EMA line. It doesn’t matter if the EMA lines are below or above the price chart.
The %K line of the fastest Stochastic indicator crosses downward. When all the conditions are true, the strategy opens a short position with the corresponding Trailing stop and Take profit. A short position will be closed by take profit or trailing stop.
Recommended a fast profit target 5-10 pips.
Initial Stop loss 5 pips above/below the entry bar.
This strategy has a higher profitability with 3-5 pips of profit target.
Scalping Strategy “Three Lines”

Scalping Strategy “Three Lines”

Scalping Strategy “Three Lines”

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