Scalping with EMA
Use Line Chart.
Time frame:1M.
Currency Pairs: Majors
Spread max:0,00025.
Is best to scalp trade at the London Open (3:00AM EST) or the New York open (8:00 AM EST) because that is generally when the currency pairs will start to move more in one direction.
Indicators:
1 Ema (exponential moving average) Predictive, long period 25, shot period 8;
2 Ema(exponential moving average) Predictive, long period 50, short period 15;
3 Ema(exponential moving average) Predictive, long period 100, short period 100.
Long Entry:
When the Ema 25 cross up through the 50 Ema and 100 EMA.
Short Entry:
When the Ema 25 cross down through the 50 Ema and 100 EMA.
Exit:
TargetPrice: 5-10 pips
Stop loss: 9-12 pips
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