25# EMA's Band Scalp Trading System

EMA band scalping system

Submit by Forexstrategiesresources.com

 

This is an EMA band scalping system

Time frame:1min;

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

Spread:max 0.002.5

Indicators:

EMA 50 High;

2 EMA 50 Low;

3 EMA 50 Close.

4 EMA100 Close

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 .

 

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.

Metatrader Temple MT4 Ema's band scalp
Temple MT4 Ema's band scalp.rar
compressed file archive 1.6 KB

 

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Comments: 4
  • #1

    marek (Saturday, 13 October 2012 10:25)

    Long Entry:
    check the stoch oscillator is it oversold, value +30 when crosses towards up.

    Value -30 ?

  • #2

    marek (Saturday, 13 October 2012 11:00)

    sorry
    stoch <30

  • #3

    Emil (Thursday, 23 May 2013 12:23)

    The value for stochtastic range from 0-100 so the value +30 is actually correct.

    everything less than 30 is oversold and over 70 is considered overbought.

  • #4

    mais (Friday, 13 September 2013 17:43)

    temple setting for EMA100 is apply to Low ?