Profitable Forex Scalping System With 2 EMA’s And Trading Oscillator

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

double-ema-forex-scalping-system-with-oscillator

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

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