Hello guys, here is a great scalping method for EURUSD . Easy to use. Not too many indicators, just two moving averages - 21EMA and 100EMA.
Here is how I trade this strategy.
You take a trade when the moving averages cross. Buy when 21EMA cross the 100EMA from the bottom going up. Sell when 21EMA cross the 100EMA coming from the bottom to downward. Moving average cross over's have been used for many years. The way i make this profitable is when i lose money in one trade i try to break even in the next trade so my losses are covered. Then in the third trade try to make some profit again. If the market goes in my direction 8 to 10 pips i close my trade and collect profit.
I use a Moving average cross over ea which is very simple to use (attached). This ea takes me in the trade on the moving average cross. Once i am in i watch my trade.
The hardest part has been for me to make a decision to go in a trade or not. I let the ea do that for me.
The settings i use on this ea is attached as an image.
The template is also attached. I use it on 1 min chart and it works great. I use it mainly in asian / london session as well as london session.
If you back test this ea it may not give good results but remember you are using the ea to let you go in the trade. You have to watch your trade and collect 8 to 10 pips a trade, sometimes even 20 and sometimes just 5 it all depends on the market condition and the session.
In the ea please select the lot size according to your account balance.
This ea will always keep you in a trade if you do not close trades manually. It will cancel the position and re-open a new position every time on the cross.
Use it on demo before live to get use to this strategy.
Since this is on 1min you get a lot of trades all day.
Good Luck.
Here is how I trade this strategy.
You take a trade when the moving averages cross. Buy when 21EMA cross the 100EMA from the bottom going up. Sell when 21EMA cross the 100EMA coming from the bottom to downward. Moving average cross over's have been used for many years. The way i make this profitable is when i lose money in one trade i try to break even in the next trade so my losses are covered. Then in the third trade try to make some profit again. If the market goes in my direction 8 to 10 pips i close my trade and collect profit.
I use a Moving average cross over ea which is very simple to use (attached). This ea takes me in the trade on the moving average cross. Once i am in i watch my trade.
The hardest part has been for me to make a decision to go in a trade or not. I let the ea do that for me.
The settings i use on this ea is attached as an image.
The template is also attached. I use it on 1 min chart and it works great. I use it mainly in asian / london session as well as london session.
If you back test this ea it may not give good results but remember you are using the ea to let you go in the trade. You have to watch your trade and collect 8 to 10 pips a trade, sometimes even 20 and sometimes just 5 it all depends on the market condition and the session.
In the ea please select the lot size according to your account balance.
This ea will always keep you in a trade if you do not close trades manually. It will cancel the position and re-open a new position every time on the cross.
Use it on demo before live to get use to this strategy.
Since this is on 1min you get a lot of trades all day.
Good Luck.
Attached File(s)
# very simple scalping system.tpl
< 1 KB
|
2,013 downloads
Sample_MA_Trader.ex4
11 KB
|
2,317 downloads
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