Easy Forex Scalping is a trend following system for day trading.
Time Frame 5 min.
Currency pairs: EUR/USD, GBP/USD, USD/JPY, GBP/JPY, ERT/GBP.
London, US Session.
Forex Indicators:
5 WMA, close.
144 WMA close.
MACD (24, 34, 12),
Pivot points levels.
Trading rules Easy Forex Scalping
Buy
Buy when 5 WMA crosses the 144 linear moving average to the upside.
Slow MACD (24, 34, 12) Fistogram above zero level.
place your stop loss below the most recent swing low point or 15 pips.
Take profit target 20 pips or at the pivot points level.
Sell
Sell when 5 WMA crosses the 144 linear moving average to the downside.
Slow MACD (24, 34, 12) Fistogram below zero level.
Place initialr stop loss below the most recent swing high point or 15 pips.
Take profit target 20 pips or at the pivot points level.
Time Frame 5 min.
Currency pairs: EUR/USD, GBP/USD, USD/JPY, GBP/JPY, ERT/GBP.
London, US Session.
Forex Indicators:
5 WMA, close.
144 WMA close.
MACD (24, 34, 12),
Pivot points levels.
Trading rules Easy Forex Scalping
Buy
Buy when 5 WMA crosses the 144 linear moving average to the upside.
Slow MACD (24, 34, 12) Fistogram above zero level.
place your stop loss below the most recent swing low point or 15 pips.
Take profit target 20 pips or at the pivot points level.
Sell
Sell when 5 WMA crosses the 144 linear moving average to the downside.
Slow MACD (24, 34, 12) Fistogram below zero level.
Place initialr stop loss below the most recent swing high point or 15 pips.
Take profit target 20 pips or at the pivot points level.
Ok,
but there are also the days that the market is sideways.
The
New Rules
Buy
If
the price is above the central pivot line only buy with the previous
rules.
Sell
If the price is above the central pivot line only buy with the previous rules.
If the price is above the central pivot line only buy with the previous rules.
This
second option is also suitable for build a grid system trend
following.
Grid
buy
price
above PP line and 5 WMA > 144 WMA.
Buy
level R1 and R2 Stop previous Level. Profit Target next Level.
Grid
Sell
price below PP line and 5 WMA < 144 WMA.
price below PP line and 5 WMA < 144 WMA.
Sell
level S1 and S2.
Stop
previous Level. Profit Target next Level.
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