5 minute scalping with Ema 200
is a trend momentum strategy based on 200 Exponential moving average,
Bollinger Bands and Awesome. This is a pullback strategy.
Time frame 5 minute.
Trading Sessions London and New York.
Indicators setting
200 Exponential moving average, close.
Bollinger Bands (20 period, deviation
2.0).
Awesome default setting.
Trading Rules 5 minute scalping
with Ema 200
Trading only in the direction of the
trend.
Price above 200 Ema and middle band of
BB the trend is up.
Price below 200 ema and middle band of
BB the trend is down.
Buy
Price above EMA.
Price retraces and touches lower band
of Bollinger bands.
Buy when Awesome oscillator turns
green.
Initial stop loss 5 pips above the
upper band of BB.
Profit target meedle band or upper
band.
Sell
Price below EMA.
Price retraces and touches upper band
of Bollinger bands.
sell when Awesome oscillator turns red.
Initial stop loss 5 pips above the
upper band of BB.
Profit target meedle band or lower
band.
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