Table of Contents
This is another strategy that follows a trend and EMA or exponential Moving Average is the reference. Major pairs are the suggested pairs to be traded with 1 minute timeframe. Bar chart is recommended also in using this.
- EMA set ups = 2-3-4-5-6-7-8-9-10-11-12-13-14-15 (yellow)
- Second group of EMAs set ups 17-19-21-23-25-27-29-31-33-35-37-39-41 blue
- Third group of EMAs 44-47-50-53-56-59-62-65-68-71-74 green color
Entry of this technique is easy to determine. For LONG entry, group of yellow EMAs must cross the group of green EMAs. The same rule follows if your trading SHORT.
Traders can reenter when the price touches the group of green or blue EMAs and returns to the group of yellow EMAs.
You can exit the position Profit exit at 7 and set stop loss to 5 pips.
Forex Trading Strategies Installation Instructions
EMA bands Forex Scalping Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
EMA bands Forex Scalping Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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How to install EMA bands Forex Scalping Strategy?
- Download EMA bands Forex Scalping Strategy.zip
- *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select EMA bands Forex Scalping Strategy
- You will see EMA bands Forex Scalping Strategy is available on your Chart
*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
Click here below to download: