Scalp with EMA Predictive 1 min chart line

Scalp with EMA Predictive 1 min chart line is a short-term trend-following scalping system. It applies a 4-lear filter system using Moving Averages with various parameters to spot the right trend at the right time with a maximum level of accuracy.

Scalp with EMA Predictive 1 min chart line can be applied to trade any kind of forex currency pairs but as a scalping system, this strategy setup works best in a 1-minute timeframe chart. With better winning results and simplicity of use, this system offers an extra advantage to newbie trend-based scalpers.

Scalp with EMA Predictive 1 min chart line Overview:

After installing Scalp with EMA Predictive 1 min chart line at your forex MT4 terminal, your trading chart will appear like the following image: 

Scalp with EMA Predictive 1 min chart line Anatomy: 

• EMA Predictive2: Is used to verify the crossover signals produced by other Moving Averages of the system. Usually, for a bullish trend, EMA Predictive2 stays above all the MAs and for a bearish trend, EMA Predictive2 dives below other Moving Averages of the system.
• 8, 15 & 100 EMA: These are 8, 15 and 21-day Exponential Moving Averages used to generate crossover signals of the market trend. For a bullish crossover, 8 EMA should be greater than 15 EMA and 15 EMA should be greater than the 100 EMA. 15 EMA moves below the 100 EMA and 8 EMA moves below the 15 EMA represents the bearish crossover of the trend.

Also Read: The Best Forex Trading Strategy Ever

Scalp with EMA Predictive 1 min chart line: Buy Parameters

• EMA Predictive2 moves above all the Moving Averages of the system
• 8, 15 & 21 EMA plot the bullish crossover signal
• Buy triggers when the above conditions are met
• Set stop loss below the 100 EMA level
• Exit long/take profit whenever price closes below both 8 and 15 EMA 

Scalp with EMA Predictive 1 min chart line: Sell Parameters

• EMA Predictive2 moves below all the Moving Averages of the system
• 8, 15 & 21 EMA plot the bearish crossover signal
• Sell triggers when the above conditions are met
• Set stop loss above the 100 EMA level
• Exit short/take profit whenever price closes below both 8 and 15 EMA