USDJPY scalping forex strategy

In Forex USDJPY is just as suitable for scalping as EURUSD. Spreads are low and liquidity high. This scalping forex strategy is suitable for active traders that enjoy the thrill of constant trading action on  USDJPY currency pair. Yet, system remains relatively conservative with limited downside. 

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Scalping forex strategy looks to take advantage of price volatility in direction of main (EMA defined trend). It does so by opening up to five trades while looking for profit from 1 to 5 USD (per 0,01 of lot used). Downside is limited by accepting the loss on trend reversal.

 

This medium volume scalping strategy can be traded automatically by Alpha proportion MT4 EA. Expert advisor was also used for testing and it is the source of all screenshots provided. 

 

Used tools and indicators

  • Timeframe: 1 hour

  • Currency pair: USD JPY

  • Basic trend filter (EMA tandem slow and fast). Position of EMA defines trend. All trading is done in confluence with this trend. 

  • Max number of trades: 5. We trade only one side at the time. Close all existing trades o trend reversal (EMA crossover). 

  • Averaging rules: If trade exists, new trade can only be opened on better price. Distance between consecutive trades is called averaging points distance and it is equal to 300 points in this forex strategy. 

  • Target profit: 1 USD per 0.01 of trading lot size. Target is multiplied by number of opened trades. 

 

Forex strategy rules


Sell

  1. Uptrend: EMA fast trending above EMA slow.

  2. Enter short only.

  3. If trade exists, new trade can only be opened on better price according to averaging rules. 

  4. Close all existing trades at once upon reaching target profit. 

  5. Close all existing trades at once upon trend reversal (EMA crossover into downtrend). 

Buy

  1. Downtrend: EMA fast trending below EMA slow.

  2. Enter long only.

  3. If trade exists, new trade can only be opened on better price according to averaging rules. 

  4. Close all existing trades at once upon reaching target profit. 

  5. Close all existing trades at once upon trend reversal (EMA crossover into downtrend). 
     

Get MT4 expert advisor trading this forex strategy

Bactest and optimize for any currency pair. Trade multiple instruments simultaneously, 24/5. Trade automatically without errors and emotions. Save time and energy. 

 

 

  

For best results, use this forex strategy with one of our trusted forex brokers

(STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

 

 

Disclaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

 

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