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Easy Forex Scalping

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.
Easy Forex Scalping

Easy Forex Scalping
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.
Easy Forex Scalping

Easy Forex Scalping

Easy Forex Scalping
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.
Sell level S1 and S2.
Stop previous Level. Profit Target next Level.
Easy Forex Scalping

Easy Forex Scalping

Easy Forex Scalping Reviewed by learn forex trading on June 24, 2017 Rating: 5

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