EMA’s Band Scalping Trading System

This is an EMA band scalping systemTime frame:1min;

Pair:EUR/USD, GBP/USD,AUD/USD

Spread:max 0.002.5

Indicators:

1 EMA 50 High;

2 EMA 50 Low;

3 EMA 50 Close.

4 EMA100 Close

5 Stochastic (14, 3, 3, Close Price)

Long Entry:

Buy Zone: Ema’s band >100 EMA;

We wait for a rally back toward the 3 EMA’s for the best possible entry, check
the stoch oscillator is it oversold, value +30 when crosses towards up .

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Short Entry:

Sell Zone: Ema’s band<100 EMA;
We wait for a rally back toward the 3 EMA’s for the best possible entry, check the stoch oscillator is it overbougt, value +70 when crosses towards down .

Stop Loss:place stop
loss 3 pips below o above the upper or
lower 50EMA

Take Profit: Price objective 7-12 pips or better.

In the pictures below an example of the EMA band scalping Forex System in action.

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  • 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
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