5 minute scalping trading for EUR/USD

5 minute scalping trading for EUR/USD is a forex strategy works with EUR/USD but also GBP USD currency pairs. The sessions that apply the strategy is between the beginning of London trade session (9:00 AM UTC) and the end of New York Session (5:00 PM UTC -5:00). During Asian session, the strategy does not work. The main feature of this strategy is to find a trend, to determine trend corrections and then to scalp. In other words, short term positions are opened against long-term trend. This strategy is a contrarian trading system.
Time Frame 5 minute
Currency pairs: EUR/USD, GBP/USD
Indicators:
Exponential moving Average 50 period, close. Slow EMA used to determine a trend direction.
ADX 14-period is used to determine trend strength.
Exponential moving average 10 period, close. and e xponential moving average 21 period, close for thedetermine the entry points.

Long entry.
First step to determine a bearish trend, The EMA 10 and the 21 EMA are below EMA 50 , ADX indicator is used to determine trend strength, is above 25, the trend strength is strong. Step 2 the entry points should be found. When the price come back to the point between 10- period EMA and 21-period EMA and the trend is still bearish (50-period EMA is downward) and strong (ADX line is higher than 25), a long position is opened with a stop loss of 8-12 points plus spread and a take profit of 15-25 pips. After getting a profit of 10 pips a trailing stop of 7-8 pips is set.
5 minute scalping trading for EUR/USD
Short Entry
First step to determine a bullish trend, the EMA 10 and the 21 EMA are below EMA 50 , ADX indicator is used to determine trend strength, is above 25, the trend strength is strong. Step 2 the entry points should be found. When the come back to the point between 10- period EMA and 21-period EMA and the trend is still bullish (50-period EMA is upward) and strong (ADX line is higher than 25), a short position is opened with a stop loss of 8-12 points plus spread and a take profit of 15-25 pips. After getting a profit of 10 pips a trailing stop of 7-8 pips is set.
5 minute scalping trading for EUR/USD
  
  

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