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
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