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:
- Timeframe: 5 minute chart.
- Currency Pairs to trade: any with low spread, like EURUSD, GBPUSD, USDJPY.
- Trading Sessions: London, US.
Buy Signal:
- Price must be above the 200 ema (this tells you its an uptrend)
- Parabolic SAR dots appear below the price (this indicates bullishness)
- !De_Munyuk indicator must be green or flips from red to green (short term uptrend)
- Place stop loss 1 pip below the Parabolic SAR Dot.
- Set take profit at 15 pips
Sell Signal:
- Price must be below the 200 ema (this tells you its a downtrend)
- Parabolic SAR dots appear above the price (this indicates bearishness)
- !De_Munyuk indicator must be red or flips from green to red (short term downtrend)
- Place stop loss 1 pip above the Parabolic SAR Dot.
- Set take profit at 15 pips
Trade Example: