Forex EMA 5 Scalping Strategy

This is a scalping system that works on a 5-minute timeframe and is applicable to EURUSD and GBPUSD pairs. This trading system is easy because it will only use basic indicators and EMA is one of them.

Forex Indicators:

• EMAs: 5 EMA to the open(red line) & 5 EMA to the close(green line);
• Stochastic indicator;
• MACD indicator.

Long Entry:

• The Stochastic must cross up from the line 20 and is not overbought.
• The MACD must close higher than the previous value.
• The Signal candle must close bullish determined by a white color.
• The 5 EMAs must cross each other.
• Trade signals are only confirmed on closed candles.

Short Entry:

• The Stochastic must cross down from the 80 line and is not oversold.
• The MACD must close lower than the previous value.
• The Signal candle must close bearish determined by a black color.
• The 5 EMAs must cross each other.
• Trade signals are only confirmed on closed candles.

Exit:

• Exit the position when the EMA 5 cross again.
• Exit the position when there is a reversal.
• Place stop loss 20 pips minimum or the low of the previous candle.

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