Superscalper with EMA ~ forex 4 hour trading strategy
Super Scalper with EMA is a trend-momentum strategy.
Time Frame 5 min.
Currency pairs: EUR/USD, GBP/USD, AUD/USD, AUD/JPY, USD/CHF (features currency pairs is be low spreads).
Sessions trade: London and New York.
You can trade a maximum of 3 non-correlated currency pairs.
We use four main indicators in this strategy.
Slow Stochastic with a setting of 8,3,3 applied to the High, Low, and Close price. The overbought is set to level 80 and the oversold is set to level 20.
Exponential moving average, EMA 34 periods (close).
Exponential moving average, EMA 8 periods (close).
Exponential moving average, EMA 100 periods (close).
Pivot point levels (tool that have all trading platform).
To trade only in the direction of the trend as we identify
The trend is up when 8EMA>34EMA>100.
The trend is down when 8EMA<34EMA<100.
Criteria for buy signal
First condition: the trend is up: 8EMA>34EMA>100
8 EMA >34EMA;
The Stochastic crosses upward.
Buy whe the price come back and bouce on the 8 EMA.
Re-entry when stochastic indicator turn below level 20,crosses upward and the previous conditions are agree.
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| Superscalper with EMA EUR/USD 5 min chart |
Criteria for sell signal
First condition: the trend is up: 8EMA<34EMA<100
8 EMA <34EMA;
The Stochastic crosses downward.
Buy whe the price come back and bouce on the 8 EMA.
Re-entry when stochastic indicator turn above level 80,crosses downward and the previous conditions are agree.
First stop loss 15-20 pips. When that occurs that Im in gain, I move my stop to breakeven.
Profit target 8-12 pips or at the pivot levels.
Money management: for 5 minute chart never going above a 1% risk per trade, with 3 losses in a row you could easily lose 3% down in one day.
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| Superscalper with EMA EUR/USD 5 min chart |
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