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Keyline 5 min - scalping FOREX strategy

This scalping strategy is for traders who enjoy trading and wish to trade as much as possible. Strategy requires constant attention and adjusting the position. It is suitable only for traders that are able to hold concentration for prolonged periods of time.

Scalping strategy is traded in 5 min chart of EURUSD pair. Simple moving averages are used, together with additional lines and basic signal.

Used forex indicators

Exponential moving averages (EMA) 21 and 7. Additional lines are used for EMA 21 (100,-100). Those lines will be used as profit targets. Apply both moving averages in 5 min chart of EURSD currency pair. Use candle graph.

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Forex strategy rules

BUY:

Keyline 5 min - scalping FOREX strategy

EMA 7 is trending above EMA 21. This will signalize current upwards momentum and we will enter long trades only.

Signal: price touching blue (21 EMA). We enter the trade long on first candle closing above previous candle high. Candle fully formed below blue EMA cancels the signal.

  • Take profit: Upper EMA 21 line (with value 100)

  • Stop loss: Stop loss is placed below the low of a signal

SELL:

Keyline 5 min - scalping FOREX strategy

EMA 7 is trending below EMA 21. This will signalize current downwards momentum and we will enter short trades only.

Signal: price touching blue (21 EMA). We enter the trade short on first candle closing below previous candle low. Candle fully formed above blue EMA cancels the signal.

  • Take profit: BttomEMA 21 line (with value -100)

  • Stop loss: Stop loss is placed above the high of a signal

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

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