5 Min Forex Scalping Strategy using 200 EMA & Parabolic SAR

 This 5 Minute Forex Scalping Strategy Using Parabolic SAR And 200 EMA is one easy forex scalping system to use as the rules are really simple to follow.

Chart Setup:

• You’ll need the following indicators:
  • Parabolic SAR (settings:0.02 step).
  • 200 exponential moving average applied to the close.
  • de-munyuk-indicator ….. Download it from the link below:

[sociallocker]  de-munyuk-indicator [/sociallocker]

• Timeframe: 5 minute chart.
• Currency Pairs to trade: any with low spread, like EURUSD, GBPUSD, USDJPY.
• Trading Sessions: London, US.

Buy Signal:

1. Price must be above the 200 ema (this tells you its an uptrend)
2. Parabolic SAR dots appear below the price (this indicates bullishness)
3. !De_Munyuk indicator must be green or flips from red to green (short term uptrend)
4. Place stop loss 1 pip below the Parabolic SAR Dot.
5. Set take profit at 15 pips

Sell Signal:

1. Price must be below the 200 ema (this tells you its a downtrend)
2. Parabolic SAR dots appear above the price (this indicates bearishness)
3. !De_Munyuk indicator must be red or flips from green to red (short term downtrend)
4. Place stop loss 1 pip above the Parabolic SAR Dot.
5. Set take profit at 15 pips

Trade Example: