140# Scalping with 200 SMA

Scalping system with SMA 200”, that is a trend-seeking strategy that implements a key technical indicator (200 period Simple Moving Average ), in determining the overall market trend with 80% accuracy.

As long as the price of the forex pair remains above the 200-period SMA, it is considered a bullish trend.

Conversely, the market is tagged bearish when price stays below the 200-period SMA.

The inclusion of other technical indicators to the 200-period SMA yields a strategy that’s overly sensitive to the direction of the market.

The strategy has shown impressive trading results for both long- and short-term market signals.

In the following image I will show you the setup of the strategy.

Trading View Chart Setup

Time Frame(s): 1-Minute, 3-minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day.

Trading Sessions: any.

Currency Pairs: any pair + Gold.

Trade Style: scalping, day trading and swing trading.

Indicators

200 Simple moving average, close.

Supertrend (Factor 3.5, period 10).

Coppock Curve (50, 14, 11).

In the following video I will show you how I do the setup of the strategy.

Trading Rules

Buy

Open a buy trade when the following conditions are met:

• The 200 SMA Trading View indicator should be printing a blue averaging line below the candlesticks indicating a bullish trend.

• The Supertrend indicator should be printing a line below the price bars indicating a bullish trend reversal.

• The coppock forex indicator should be printing histograms above the zero-horizontal level indicating a bullish trend.

Stop Loss

Set the stop loss below the 200 SMA.

Take Profit

• Close the trade as soon as the price opens and closes below the 200 SMA indicator.

• Alternatively, close the trade for a predetermined profit target, for example exit the buy trade for +25 pips TP on the 5-minute time frame.

• Then again, close the trade when the Supertrend changes direction.

Sell

Open a sell trade when the following conditions are met:

• The 200 SMA Trading View indicator should be printing a blue averaging line above the candlesticks indicating a bearish trend.

• The Supertrend indicator should be printing a line above the price bars indicating a bearish trend reversal.

• The coppock forex indicator should be printing histograms below the zero-horizontal level indicating a bearish trend.

Stop Loss

Set the stop loss above the 200 SMA.

Take Profit

• Close the trade as soon as the price opens and closes above the 200 SMA indicator.

• Alternatively, close the trade for a predetermined profit target, for example exit the sell trade for +25 pips TP on the 5-minute time frame.

• Then again, close the trade when the Supertrend indicator changes direction

• Note:Re-entries in the same direction are not recommended, but wait for the next trend change direction setup.