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Awesome 20 Pips Profit Simple Forex Scalping System

The awesome scalping system consists of 2 moving averages with green/red trend bars indicator.

We buy pull backs in an up trend while selling retracements in an down trend. We keep our risk as low as possible with this system.

Keep it simple: we target 20 pips on every trade without the use of trailing stops!

Chart Setup

Indicators: 5 period exponential moving average, 200 period simple moving average, FXprime_V2Final-JE.ex4
Preferred time frame(s): M1, M5
Trading sessions: London and US
Preferred Currency pairs: GBP/USD, EUR/USD, GBP/JPY, EUR/JPY, AUD/USD, USD/JPY (medium to high volatile pairs)

Download

Download the Awesome 20 Pips Profit Simple Forex Scalping System.

Example: GBP/JPY 1 Min Chart

gbpjpym1-awesome-forex-scalping-system

In this example, 5 low risk sell trades resulted in 100 pips total profit in just one trading session.

Note how we keep selling during the GBP/JPY downtrend.

Trading Rules

For long positions:

  • EMA 5 crosses SMA 200 from below (up trend)
  • There’s a significant gap between the EMA 5 and SMA 200 (avoiding flat markets)
  • FXprime_V2Final-JE trend bars indicator green color (from black to green or from red to green)

==> Initiate Buy trade.
Stop Loss: 1 pip below the most recent swing low.
Exit Strategy : Exit the trade for 20 pips.

For short positions:

  • EMA 5 crosses SMA 200 from above (down trend)
  • There’s a significant gap between the EMA 5 and SMA 200 (avoiding flat markets)
  • FXprime_V2Final-JE trend bars indicator red colorĀ (from black to red or from green to red)

==> Initiate Sell trade.
Stop Loss: 1 pip above the most recent swing high.
Exit Strategy : Exit the trade for 20 pips.

Free Download

Download the Awesome 20 Pips Profit Simple Forex Scalping System.

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