HomeForex Scalping Strategies3 Fast Moving Average Forex Scalping Strategy

3 Fast Moving Average Forex Scalping Strategy

3 Fast Moving Average Forex Scalping Strategy

This is a scalping strategy that makes a trade decision by following the direction of the trend. This system uses fast moving averages and Morfeo indicator to identify the market trend. This is useful in a 5-15 minute timeframe. This is applicable to any currency pairs.

Metatrader Indicators:

  • MA (Moving Average) fast 3
  • MA (Moving Average) fast 7
  • MA (Moving Average) fast 14

Bullish Trend: EMA 3 is above EMA 7, EMA 3 and 7 is above 14.
Bearish Trend: EMA 3 is below EMA 7 and EMA 3 and 7 is below 14.

Buy Entry:

  • The asterisk must cross the middle-level line going UP.
  • EMA 3 is above EMA 7, EMA 3 and 7 is above 14.
  • Switch to the next higher timeframe. For example, if you are on a 5-minute chart, switch to 15 minutes. This is to ensure that the MAs are arranged.

Sell Entry:

  • Just the opposite of buying conditions

Exit Positions:

  • When 3 ma crosses in the opposite direction of MA 14.
  • Quick take profit but also depends on the currency and the timeframe.
  • At the levels of fibo pivot line.
  • Place an initial stop loss on the previous swing.

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Tim Morris
Tim Morrishttps://www.forexmt4indicators.com/
Tim Morris is a work from home dad, home-based forex trader, writer and blogger by passion. He likes to research and share the latest forex trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to be able to learn and download different types of forex trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com
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