Guppy 5 min scalping strategy is
a pure trend following system based on the crossover of two guppy di
EMAs.
Time frame 5 min or higher.
Currency pairs: EUR/USD, GBP/USD,
GBP/JPY, USD/JPY.
Trading Sessions: London and New York.
Forex Indicators
Orange color
3
Ema, close,
5 Ema close,
7 Ema close,
9 Ema close,
11 Ema close,
13 Ema close.
5 Ema close,
7 Ema close,
9 Ema close,
11 Ema close,
13 Ema close.
Blue
color
21
Ema, close,
24 Ema close,
27 Ema close,
30 Ema close,
33 Ema close,
36 Ema close.
24 Ema close,
27 Ema close,
30 Ema close,
33 Ema close,
36 Ema close.
Ema
55 Color Red
RSI
(16 period, close, with 42 and 58 levels).
Trading
Rules Guppy 5 min scalping strategy
Buy
When
the orange EMAs cross upward the blue EMAs,
The
cross over of the EMAs occur above the 55 EMA line.
RSI
above 58 level.
For
entry wait for the retracement,of the prices between two guppy or
into the blue EMAs, also, if RSI came back between 42 – 58 levels.
Profit
Target 5-10 pips
Initial
stop loss 11-15 pips.
Sell
When
the orange EMAs cross downward the blue EMAs,
The
cross over of the EMAs occur below the 55 EMA line.
RSI
below 42 level.
For
entry wait for the retracement,of the prices between two guppy or
into the blue EMAs, also, if RSI came back between 42 – 58 levels.
Profit
Target 5-10 pips
Initial
stop loss 11-15 pips.
In
the sideways market this strategy generates false signals,
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