5 Minute Forex Scalping Strategy Using Parabolic SAR And 200 EMA

5 Minute Forex Scalping Strategy Using Parabolic SAR And 200 EMA:

This is a system of RKay author.

How to trade with 5 Minute Forex Scalping Strategy Using Parabolic SAR And 200 EMA?

Best Time Frame : 5 minute.

Trading Sessions: UK and US.

Markets: Forex.

Currency Pairs: any with low spread, like EURUSD, GBPUSD, USDJPY.

Metatrader indicators: Parabolic SAR (settings:0.02 step), 200 exponential moving average applied to the close, de-munyuk indicator

Entry Position for 5 Minute Forex Scalping Strategy Using Parabolic SAR And 200 EMA:

– Long (Buy) Entry: + 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

– Short (Sell) Entry: + 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