Daily Forex Scalping Strategy
This is a scalping strategy that uses simple and basic indicator that is easy to comprehend. I will use an EMA indicator to determine the trend. It will also use MACD and CCI.
Timeframe would be a chart that is good for scalping and 5 minutes will do.
Forex Indicators:
- EMA 21
- MACD – default
- CCI – default
Long Entry:
- EMA 21 must be less than the price.
- MACD is greater than 0.
- CCI is greater line MACD.
- Place stop loss at 40 pips and take profit at 50 pips.
Sell Entry:
- The price must be less than the EMA 21.
- MACD is less than 0.
- CCI is less than line MACD.
Take profit at 50 pips and stop loss would be 40 pips.
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