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

 

Share your opinion, can help everyone to understand the forex strategy

Write a comment

Comments: 8
  • #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

  • #7

    petrugio (Thursday, 08 June 2017 21:49)

    i build this strategy in ninja trader Strategy builder and backtested on all major pairs you will not make money on this alone
    here is some examples
    Instrument Performance Parameters Total net profit Gross profit Gross loss Profit factor Max. drawdown Total # of trades Percent profitable
    EURGBP 1.27 25/30/50/50 (Ema,DistanceFromEma,TP,SL) €1,753.70 €8,160.50 (€6,406.80) 1.27 (€300.00) 291 56.01%
    1.23 30/30/50/40 (Ema,DistanceFromEma,TP,SL) €1,569.50 €8,493.70 (€6,924.20) 1.23 (€444.20) 341 49.85%
    1.23 30/30/60/40 (Ema,DistanceFromEma,TP,SL) €1,355.60 €7,361.30 (€6,005.70) 1.23 (€545.70) 271 45.02%
    1.21 30/30/50/50 (Ema,DistanceFromEma,TP,SL) €1,403.70 €8,110.50 (€6,706.80) 1.21 (€450.00) 296 54.73%
    1.18 15/30/50/50 (Ema,DistanceFromEma,TP,SL) €1,310.00 €8,460.50 (€7,150.50) 1.18 (€350.50) 312 54.17%
    1.17 50/30/50/50 (Ema,DistanceFromEma,TP,SL) €1,039.90 €7,139.90 (€6,100.00) 1.17 (€650.00) 264 53.79%
    1.17 40/30/50/50 (Ema,DistanceFromEma,TP,SL) €1,105.40 €7,712.20 (€6,606.80) 1.17 (€500.00) 286 53.85%
    1.13 45/30/50/50 (Ema,DistanceFromEma,TP,SL) €868.20 €7,368.20 (€6,500.00) 1.13 (€750.00) 277 53.07%
    1.11 15/30/60/40 (Ema,DistanceFromEma,TP,SL) €755.60 €7,361.30 (€6,605.70) 1.11 (€745.70) 286 42.66%
    1.09 45/30/20/60 (Ema,DistanceFromEma,TP,SL) €641.60 €7,491.80 (€6,850.20) 1.09 (€760.00) 487 77.00%

  • #8

    Tony (Friday, 09 June 2017 02:09)

    All Profit Factor are positive!!
    This is a winning strategy.
    How can this trading system improve?
    Thanks for share Joy22.

4H Forex Strategies