5 minute scalping with Ema 200

5 minute scalping with Ema 200 is a trend momentum strategy based on 200 Exponential moving average, Bollinger Bands and Awesome. This is a pullback strategy.
Time frame 5 minute.
Trading Sessions London and New York.

Indicators setting
200 Exponential moving average, close.
Bollinger Bands (20 period, deviation 2.0).
Awesome default setting.

Trading Rules 5 minute scalping with Ema 200
Trading only in the direction of the trend.
Price above 200 Ema and middle band of BB the trend is up.
Price below 200 ema and middle band of BB the trend is down.
Buy
Price above EMA.
Price retraces and touches lower band of Bollinger bands.
Buy when Awesome oscillator turns green.
Initial stop loss 5 pips above the upper band of BB.
Profit target meedle band or upper band.
Sell
Price below EMA.
Price retraces and touches upper band of Bollinger bands.
sell when Awesome oscillator turns red.
Initial stop loss 5 pips above the upper band of BB.
Profit target meedle band or lower band.

 5 minute scalping with Ema 200

 5 minute scalping with Ema 200

 5 minute scalping with Ema 200

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