The scalping strategy applied to GPBUSD, EURUSD, AUDUSD, and NZDUSD revolves around a straightforward approach based on trend momentum, utilizing moving averages and StochasticRSI. This trading system is specifically tailored for short timeframes.
Setup
Strategy:
Crucial
to the strategy's success are the designated trading hours:
London:
9:00-11:00 GMT (Berlin)
GMT (Berlin): 15:00-20:00 GMT
(Berlin)
Tokyo (for AUDUSD and NZDUSD only): 2:00-7:00 GMT
(Berlin)
Timeframes:
1 minute, 2 minutes, 3
minutes
Pairs:
EUR/USD, GBP/USD, AUD/USD
Spreads:
Maximum
0.0015
Platforms:
TradingView
Indicators:
100
EMA (Exponential Moving Average)
50 EMA
StochasticRSI
(14,3,3)
Gann
Box tool
Trading Rules:
At
9:00, insert the Gann Tool and trace it horizontally for the entire
London and New York session, vertically to the top base of the
oscillator in the sub-window, and the top window of the
chart.
Horizontal lines denote support, resistance, and profit
target levels.
Buy
50
EMA > 100 EMA.
Identify significant resistance levels on the
Gann Box.
Wait for the stochastic oscillator to trade back above
20.
Initiate long trades.
Set stop loss 3 pips below
support or at the previous swing low.
The profit target should
be at least 5-12 pips.
Sell
50
EMA < 100 EMA.
Recognize significant support levels on the
Gann Box.
Wait for the stochastic oscillator to trade back below
80.
Open to short trade.
Set stop loss 3 pips above the
resistance or at the previous swing high.
The profit target
should be at least 5-12 pips.
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