Easy forex scalping strategy

Simple and effective scalping forex strategy. Easy to learn. It works in timeframes above 1H, so you don't have to dedicate every minute of your day to the chart. It also comes with FREE trading robot.

 

We will be looking for a clearly bullish or bearish candle, closing in the direction of trend. Pending order will be placed at its end. Price triggering the order will be the last confirmation step, to enter the scalping trade and get those 10 to 20 pips

 

Used tools and indicators

  • Trend filter: Simple Exponential moving averages tandem. 

  • Signal: Clearly bullish or bearish candle closing in the direction of trend. Size minimum of 30 pips in 1H chart of EURUSD. Scale in other time frames and currency pairs. 

  • Pending stop orders: placed at the end of the signal candle. 

  • Trailing stop: Based on last closed candle. Adjusted after each consecutive candle close. Extra deviation is applied (20 - 60 pips). 

  • Take profit: 10 - 20 pips. 

 

Rules


SELL

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  1. EMA slow must trend above ema fast, which indicates downtrend. 

  2. We will be looking for strong bearish candle of minimum 30 pips. Signal will become more accurate and less frequent with growing candle size. 

  3. Pending sell stop order is placed ant signal candle low. 

  4. Trailing stop is placed, and adjusted according to last closed candle high, with extra deviation of 20 - 60 pips. 

  5. Take profit: 10 - 20 pips. 

 

BUY

 

  1. EMA slow must trend below ema fast, which indicates uptrend. 

  2. We will be looking for strong bullish candle of minimum 30 pips. Signal will become more accurate and less frequent with growing candle size. 

  3. Pending buy stop order is placed ant signal candle high. 

  4. Trailing stop is placed, and adjusted according to last closed candle low, with extra deviation of 20 - 60 pips. 

  5. Take profit: 10 - 20 pips. 
     

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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. ” 

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