The TOP-3 most popular trading strategies for Forex scalping
The video explains three effective 5-minute trading strategies for Forex scalping, a technique involving multiple short-term trades on low timeframes. These strategies cater to traders seeking quick rewards but demand substantial funds, experience, and a robust plan for success.
⚡ Momo Strategy:
✔️ Setup: Uses EMA and MACD signals, emphasizing the use of a 20-period EMA and specific MACD settings on a 5-minute chart.
✔️ Entry: Long positions are considered when the price breaks above EMA and MACD is above the zero line. Shorts are taken when the price crosses below the 20-period moving average and MACD is below zero.
✔️ Take Profit & Stop Loss: Involves trailing take-profit orders and strategically placed stop-loss orders.
⚡ EMA and RSI:
✔️ Setup: Employs three EMAs (9, 55, 200) and RSI with altered levels to identify overbought and oversold conditions.
✔️ Entry: Buy when MA1 is above MA2 and MA2 is above MA3 and RSI above the level 52; sell when MA1 is below MA2 and MA2 is below MA3 and RSI below the level 48.
✔️ Take Profit & Stop Loss: Determines exit points based on RSI’s high or low formations and utilizes nearest support/resistance as stop-loss targets.
⚡ EMA, MACD, and Bollinger Bands:
✔️ Setup: Uses EMAs (5, 20), Bollinger Bands, and MACD with standard settings.
✔️ Entry: Buy when 5-period EMA crosses 20-period EMA upward, price near lower Bollinger Band, and MACD histogram above zero; sell under opposite conditions.
✔️ Take Profit & Stop Loss: Closes trades based on MACD histogram highs/lows and sets stop-loss orders relative to support/resistance levels.
Please, read the full article about working 5-minutes trading strategies at FXOpen blog
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CFDs are complex instruments and come with a high risk of losing your money.
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