Forex Complete EMA Bands Scalping Strategy
Forex Complete EMA Bands Scalping Strategy:
Time frame: 1M, 5M;
Pair: ANY
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.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Complete EMA Bands Scalping Strategy?
- Download Forex Complete EMA Bands 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
- Load indicator on your chart
How to uninstall Forex Complete EMA Bands Scalping Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
