Scalper with EMA
This is a Scalper strategy based on (Exponential moving average) EMA.
Time frame:1 min;
Pair:EUR/USD, GBP/USD,AUD/USD
Spread:max 0.0015
Indicators for Scalper with Ema:
100 EMA (Exponential Movin Average);
50 EMA
Stochastic (5,3,3);
Long Entry
1) 50 EMA > 100 EMA.
2) Find significant levels of support.
3) Wait for the currency price to retreat back to the support line.
4) Wait for the stochastic oscillator to trade from below 20 back above 20.
5) Open a long trade.
6) Place stop loss 3 pips below support.
7) Profit target should be at least 7-12 pips.
Short Entry
1) EMA50<100 EMA.
2) Find significant levels of resistance.
3) Wait for the currency price to retreat back to the resistanceline.
4) Wait for the stochastic oscillator to trade from above 80 back below 80.
5) Open a short trade.
6) Place stop loss 3 pips above resistance.
7) Profit target should be at least 7-12 pips.
