20 100 5min scalping momentum strategy ~ forex market hours gmt.ex4
5min scalping-momentum strategy is my favorite fx strategy for time frame 5-Minute )
Markets: Currency pairs majors, and Index.
Indicators for this strategy:
1. The 20 EMA (exponential moving average , close);
2. The 100 SMA simple moving average, close) ;
3. MACD. Default setting (12, 26, 9).
Trading Rules
Long entry
1. The currency pair is trading below both the 20 EMA and the 100 SMA.
2. Wait for the price to crossess upward above both moving averages by 15 pips, and
3. The MACD is > 0 no longer than 5 candles ago.
4. Buy at market.
Short entry
Indicators for this strategy:
1. The 20 EMA (exponential moving average , close);
2. The 100 SMA simple moving average, close) ;
3. MACD. Default setting (12, 26, 9).
Trading Rules
Long entry
1. The currency pair is trading below both the 20 EMA and the 100 SMA.
2. Wait for the price to crossess upward above both moving averages by 15 pips, and
3. The MACD is > 0 no longer than 5 candles ago.
4. Buy at market.
Short entry
1. The currency pair is trading above both the 20 EMA and the 100 SMA.
2. Wait for the price to crosses downward below both moving averages by 15 pips, and
3.The MACD is < 0 no longer than 5 candles ago.
4. Sell at market.
Exit position
Place your initial stop at the previous swing low/high.
After 18 pips in gain move your stop to breakeven.
After 18 pips in gain move your stop to breakeven.
Use the trailing stop with 15 pips.
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| 20-100 5 min scalping momentum strategy |
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