Forex EMA Channel Scalping Strategy
Forex EMA Channel Scalping Strategy;
200 exponential moving average channel is trading method based on EMA channel with forex rainbow indicator.
Time Frame 15 min.
Currency pairs:any.
Session London and NewYork.
This is an Intraday Forex Strategy trend following.
Indicators used:
200 EMA High;
200EMA low;
Forex Rainbow.
Long Entry
wait that the price breaks upper channel 200 exponential moving average.
Buy when appears at aqua dot forex rainbow indicators.
Short Entry
Wait that the price breaks lower channel 200 exponential moving average.
Buy when appears at aqua dot forex rainbow indicators.
Exit Position
This is a forex scalping strategy. Fast profit target that depends by Currency Pairs (min 7-max 10 pips)
Stop loss 15-20 pips or:
for buy 2 pips below lover channel;
for sell 2 pips above upper channel.
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 EMA Channel Scalping Strategy?
- Download Forex EMA Channel 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 EMA Channel 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”.
