692# Wave Scalping FX Strategy- Nasdaq 100 scalping.
EMA with Stochastic and GMMA Slow
Trend Momentum Scalping Strategy
Submit by Joy22
Wave Scalping FX Strategy is a minimal but effective scalping strategy configured for low time frames. The strategy is trend momentum based on stochastic oscillator and moving averages (GMMA Slow). The main rule is to only trade in the direction of the trend. Wave Scalping FX Strategy comes with three templates for trading at 1 minute, 5 and 15.30, minutes time frames. The trading system is scalable in the sense that I recommend learning the strategy at the 30 minute time frame and then trying when you become an expert to go down the time frame. The strategy is professional and successful.
Time frame 1 minute, 5 , 15, 30 minutes.
Currency pairs, Majors, and Indices (specifically Nasdaq 100).
1 minute and 5 minutes London and New York sessions, 15 -30 minutes: all.
Metatrader 4 Indicators
GMMA Slow ( group of moving averages that set the direction of the trend).
Scalper indicator (formed by EMA and Stochastic): setup 1 minute, (21,21), setup 5 minutes (9,9), setup 15, 30, minutes (5,8).
Pivot Points levels
Levels of price grid. (delete this grid on Nasdaq 100).
Simple moving Average period 300 , close ( 1 minute time frame).
Simple moving Average period 200, close ( 5, 15, 30 minutes time frame).
Trading rules Wave Scalping FX Strategy
Trade only in the direction of the trend. The trend is established by the GMMA slow indicator, if GMMA slow is above the moving average the trend is up, if GMMA slow is below the moving average the trend is down.
GMMA slow above simple moving average
Price above GMMA Slow.
Scalper indicator green line
GMMA slow below simple moving average
Price below GMMA Slow.
Scalper indicator red line
Exit position options
Make profit with ratio stop loss 1: 1.6
Make profit at leves of pivot point or the grid lines.
Place initial stop loss at the previous swing high/low.
Examples of trades
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