Use Line Chart.

Time frame:1M.

Currency Pairs: Majors

Spread max:0,00025. 

Is best to scalp trade at the London Open (3:00AM EST) or the New York open (8:00 AM EST) because that is generally when the currency pairs will start to move more in one direction.

Indicators:

1 EMA (exponential moving average) Predictive, long period 25, shot period 8;

2 EMA (exponential moving average)  Predictive, long period 50, short period 15;

3 EMA (exponential moving average) Predictive, long period 100, short period 100.

 

Long Entry:

When the EMA 25 cross up through the 50 EMA and 100 EMA.

 

Short Entry:

When the EMA 25 cross down through the 50 EMA and 100 EMA.

 

Exit:

 TargetPrice: 5-10 pips

 Stop loss: 9-12 pips

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