Here’s another profitable forex scalping system with 2 EMA cross and the Schaff Trend Cycle oscillator. We aim for 15 pips per trade. Simply no greed. Just 15 pips.
Chart Setup
Indicators: 40 exponential moving average, 110 exponential moving average, schaff-trend-cycle
Preferred time frame(s): M1
Trading sessions: Euro, US
Preferred Currency pairs: GBP/USD, GBP/JPY
Download
Download the Profitable Forex Scalping System With 2 EMA’s And Trading Oscillator.
Example: GBP/JPY 1 Min Chart
Here’s is a 1 min chart of GBP/JPY with the 3 indicators and system applied. We had two nice entries along the up trend both closed for 15 pips. Click the chart to enlarge.
Trading Rules
Buy Rules:
- EMA 40 crosses EMA 110 from below (bullish trend)
- Wait for the schaff-trend-cycle indicator to turn back above 5 from below (oversold)
Buy. Place stop-loss order 1 pip below the rising EMA 110 line.
Price objective: 15 pips
Sell Rules:
- EMA 40 crosses EMA 110 from above (bearish trend)
- Wait for the schaff-trend-cycle indicator to turn back below 100 from above (overbought)
Sell now. Place stop-loss order 1 pip above the declining EMA 110 line.
Price objective: 15 pips