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:
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 .
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.
Write a comment
marek (Saturday, 13 October 2012 10:25)
Long Entry:
check the stoch oscillator is it oversold, value +30 when crosses towards up.
Value -30 ?
marek (Saturday, 13 October 2012 11:00)
sorry
stoch <30
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.
mais (Friday, 13 September 2013 17:43)
temple setting for EMA100 is apply to Low ?
zfx (Friday, 23 September 2016 17:56)
can you write the entry condition again it is not clear for me
mohsen (Friday, 26 May 2017 14:36)
what is the red line at stochastic?