Timeframes: Any, preferably 5 minutes and above.ДЇorex Indicators: 200 ema and stochastic indicator.

Advantages Of The 200 Ema And Stochastic Indicator Forex Scalping System.

Disadvantages of the 200 EMA And Stochastic Indicator Forex Scalping Strategy.

I would really appreciate your help and input in answering my questions. Have you changed the candle open times to NY or do you use the broker time? Davit seems to use TDI to enter the trade. I need to know what you see other than the above in order to enter a tradeДЈ. I have read the rules that you have mentioned which seems to be to enter in a trade if (in case of long) Do you wait for the price to come down to the pivot in order to enter a trade? or do you wait for the price to reach the EMA to enter a trade.

The yellow line (Pivot) corresponds to which pivot? On my chart I cannot pinpoint whether its a daily pivot (its not) or a weekly pivot (more likely)Дў. I do have a few questions and I would like to have your input on that one.ДЎ. I use pivots but from previous week for my trades and I am trying to get familiar with this strategy. I am here not to post any of my trades or boast about my trading, its just my way to give back the community. Trading is discretionary to each trader, so use it on Demo, practice the price action around the pivots and 200 ema and u will notice the patterns and the importance of 200 ema on this strategy. Avoid Entering When price is far from the 200 EMA.ДЄnyone who wants to ask questions, use this for 15 days and then post your queries and i will answer to the best of my ability. Price Below Daily Pivot & 200 Ema ( Should be trending Downwards ), Enter as close as possible to the Open Price or Daily Pivot. Short Entry ( All Timeframes ) - TP will range from 15 pips in 1 min chart to 200 Pips on the 1 Hr chart Avoid Entering When price is far from the 200 EMA. Price Above Daily Pivot & 200 Ema ( Should be trending Upwards ), Enter as close as possible to the Open Price or Daily Pivot. Long Entry ( All Timeframes ) - TP will range from 15 pips in 1 min chart to 200 Pips on the 1 Hr chart Watch the play of price when it comes to the 200 Ema and the Pivots support and resistance areas.Д¬opy all the indicators and apply the attached template.Д«est to use from London Open on Monday till 1 hr prior to US Close on Friday. With experience comes better trading.ДЄttached are two charts, with the 15 min used for entry and 1 hr used to see the the complete pivot levels zoomed out. Have a target of 10% return each month and do it in and out for atleast 1 year before increasing the returns target. The Doom for the trader is when they over trade. Target 1% return each day and close the platform once done. Also never have more than 2 positions in any pair you are trading. I have a hard stop at 250 Pips on the Majors and 500 Pips on the GBP/JPY.

This way the only way to loose the capital is on a 2000 Pip movement against you.

Personally i dont use more than 1 micro lot for every 200 $ capital. I am not going to show any statements or boast about the winnings as each trader is diff in approach and has to know what amount they can afford to loose.

I am a firm believer in not putting stops to the trades as long as you are trading small and knowing your pain levels before closing the trade. Taking the Template & Some Indicators from Davits Thread and modifying for this strategy. Many strategy changes with time but this has stood the test of time and is the classical method used by the older traders. This is a simple strategy which i have used for more than 5 years with good success in conjunction with my other strategies.

200 ema indicator