1 min Scalping with four EMA

1 min Scalping with four EMA

Time Frame 1 min.

Currecy pairs: majors.

Forex Indicators:

 230-Period Exponential Moving Average

 115-Period Exponential Moving Average

 46-Period Exponential Moving Average

 23-Period Exponential Moving Average

 Stochastic Oscillator (%K = 3, %D = 2,
Slowing = 2)



Once you have your charts setup then we’re ready to get on with learning the
method.

a long entry first:

The 115 and 230 MAs provide the longer-term guide to trend direction for
us. That’s our RULE
#1
: 115EMA must be above the
230EMA

The 115 and 230 MAs provide the longer-term guide to trend direction for
us. That’s our RULE #1: 115EMA must be above
the 230EMA

Get E-Book Worth $100 for Free!!!

Once Rule #1 is in place then we look for RULE #2: 23EMA must be above the 46EMA …(note: the 23/46EMAs must also be above the 115/230EMAs as well!)

Next we look to RULE #3: We then look for the ‘Main’ Stochastic line
(the black one) to go below the 30-level and then back above the 30-level.

here are two short trades in the chart below.

Exit

Stop Loss3 pips above or below 46EMA

Profit TargetAud/USD 6 pips, EUR/USD 8 pips, GBP/USD 10pips.

Share your opinion, can help everyone to understand the forex
strategy.

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
0/5 (0 Reviews)