1 min simple scalping

Forex scalping need to be simple and clear .My forex scalping system is very simple with EMA indicators that can be applied to low spread currency pairs.
Time frame 1 min.
Currency pairs:majors with low spreads.
Sessions London and New York.
Forex Indicators:
11 exponential moving average, close;
25 exponential moving average, close;
55 exponential moving average, close.
Trading sessions: London session, US session
Currency pairs: Low spread (EUR/USD, USD/JPY, GBP/USD, GBP/JPY)
Trading rules
Buy
11 EMA crosses up the 25 EMA and 55 EMA from below
When the previous conditions are agree, open buy position.
Place initial protective stop-loss below the most recent swing low.
Exit the trade for 6 to 11 pips profit.
After 6-8 pips in gain move stop loss at breakeve level
Sell
11 EMA crosses up the 25 EMA and 55 EMA .
When the previous conditions are agree, open sell position.
Place initial protective stop-loss above the most recent swing high.
Exit the trade for 6 to 11 pips profit.
After 6-8 pips in gain move stop loss at breakeven level.
In sideways market this strategy can generates false signal
1 min simple scalping

1 min simple scalping

1 min simple scalping

Post a Comment

Previous Post Next Post