74# 4H Scalping Trading System

4H Scalping with EMA

Submit by Joy22

 

Time Frame 4H

Pairs: all.

Forex Indicators

21 EMA (applied to close).

 

Long Entry:

Price must be ABOVE the EMA on H4 chart.

the opening price of the bar should be Higher than the average price of the previous bar.

Short Entry:

Price must be BELOW the EMA on H4 chart

The opening price of the bar should be Higher than the average price of the previous bar.

 


Exit Position

To close position end of Bar.

Stop Loss Ratio with PT 1/1 (if Profit target is 40 pips Stop Loss is 40 pips).

Profit Target Predetermined: AUD/USD, USD/CHF, USD/CAD, 30 pips, EUR/USD 40 pips, GBP USD, EUR/JPY, GPB/JPY 50 pips

 

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Comments: 6
  • #1

    Arun (Sunday, 07 July 2013 20:07)

    average price of the bar .. means . can u tell me clearly if possible . plz /

  • #2

    kanghwon (Tuesday, 09 July 2013 17:05)

    dear Arun.
    "average price of the previous bar" is previous bar's median price.

  • #3

    Forextradingstrategiesresources (Tuesday, 09 July 2013 21:55)

    yes

  • #4

    Sab (Friday, 27 September 2013 14:21)

    Get the bar's median price means the half of the bar, right?

  • #5

    Matteo (Wednesday, 09 July 2014 12:06)

    Intersting, simple but I do not fully understand how it works.
    In the first picture after 7 up signal why do you avoid to enter another time and get the loss on bearish candle?
    Stop loss and exit strategy are dffernt on the 2 pics and are not the same the ones listed on the script. I guess some confusion has been made ;)

  • #6

    tony (Thursday, 18 August 2016 06:09)

    Do u mean
    Enter short when open of a new candle is lower than the median of the previous candle.... and enter long when open of a new candle i higher than the median of the previous candle

4H Forex Strategies