EMA band scalping system
This is an EMA band scalping system
Time frame:1min;
Pair:EUR/USD, GBP/USD,AUD/USD
Spread:max 0.002.5
Indicators:
1 EMA 50 High;
2 EMA 50 Low;
3 EMA 50 Close.
4 EMA100 Close
5 Stochastic (14, 3, 3, Close Price)
Long Entry:
Buy Zone: Ema’s band >100 EMA;
We wait for a rally back toward the 3 EMA’s for the best possible entry, check the stoch oscillator is it oversold, value +30 when crosses towards up .
Short Entry:
Sell Zone: Ema’s band<100 EMA;
We wait for a rally back toward the 3 EMA’s for the best possible entry, check the stoch oscillator is it overbougt, value +70 when crosses towards down .
Stop Loss:place stop loss 3 pips below o above the upper or lower 50EMA
Take Profit: Price objective 7-12 pips or better.
