The Exponential Moving Average commonly known as EMA is a high trustable and profitable indicator uses in the forex trading. It reads differently the forex market from a simple moving. Here I am presenting a simple forex EMA crossover strategy/forex scalping strategy that traders can get a valuable profit from it. I am personally using this strategy for intraday forex trading. Yet I have not received any loss from this strategy.
Whit is used in Forex Exponential Moving Average EMA Trading Strategy?
In this strategy, we will use two exponential moving averages. It is a non-repaint indicator available free in mostly forex software. It is very simple to read it on the forex chart.
|Exponential Moving Average||30||Red|
|Exponential Moving Average||15||Blue|
A buy order will place when the blue EMA crosses above the red EMA and made second bullish candle above the line. Place sell order will place when the blue EMA crosses below the red EMA and made second bearish candle below the line. Place TP and SL 40 or 50 Pips away from the entry point. This strategy works on the M30, H1, and H4 time frames. This can also be used for scalping on the M15 & M30 time frames for 10 to 20 pips profit.
- Don’t open your trade against the trend of D1 timeframe.
- Don’t open your trade at the time of high impact news.
- Trade only one time in a day.
M30 Time Frame Chart
H1 Time Frame Chart
H4 Time Frame Chart
If you are new to forex and have not trading strategy then you can follow our profitable free forex trading signals.