5 min Scalping System with EMA

5 min Scalping System with EMA is a trend following system.

Time Frame 5 min or 15 min.

Currency Pairs: EUR/USD, GBP/USD, USD/JPY.

Sessions for trading London and New York.

The indicators you want to use for this system include:

50 EMA close,

10 EMA , close,

21 EMA , close.

The slow 50 EMA determine the short term trend, and the 10 and 21 period EMA’s are as strong support and resistance levels that I use use for entry signals for trading.

Trading Rules 5 min Scalping System with EMA

Buy

50 EMA sliting upwards.

10 EMA above 21 EMA.

When the price come back between EMA 10 and EMA 21 place a Buy order with stop loss of 7-9 pips and profit targe of 10 pips.

Exit also whe 50 EMA turns flat.

Sell

50 EMA sliting downwards.

10 EMA below 21 EMA.

When the price come back between EMA 10 and EMA 21 place a Sell order with stop loss of 7-9 pips and profit targe of 10 pips.

Exit also whe 50 EMA turns flat.

In the example above the entry signals are good with profit. This system is simple and it can be extremely profitable.