Scalping Forex System. Forex trading signals. M5 chart.
As you remember, last time we spoke about Forex scalping strategy. I demonstrated you few interesting examples of some forex scalping theories. You saw how you can get more than 50$ dollars profit in 1 minute only. Today we will continue to discuss Forex scalping pattern and I’ll show you another example of Forex trading signals on M5 chart.
Scalping Forex System.
This example of scalping forex is most profitable during the New York and London trade sessions. Many Forex traders are using this scalping strategy. You can easy test it by yourself on your demo Forex account. As for me, it works fine in 70%. But you should remember – Forex is very risky business and if it works for me, it may not work for you.
I have used this system for a long time and it continues to provide great consistency. As you know, any Forex strategy has its own entry point, especially if it scalping forex strategy. It is very important to remember that you must not overtrade with this scalping system. First of all, you have to wait for the right setup at the right time.
Step 1. Setting up your Forex indicators & charts.
Open your Metatrader platform(or another Forex platform you are working with). Now open a 5 minute chart for the EUR/USD currency pair and add a 10ema indicator, a 21ema and a 50ema forex indicators. That’s it! I told you it was simple!
Now change the colors of these ema indicators. In my case I will use:
- 10ema = Red.
- 21ema = Green.
- 50ema = Blue.
As you know(or not) two indicators: the 10ema and 21ema act ask strong support and resistance, when the Forex market is trending throughout a session. In a strong trend we can turn this to our advantage and scalp forex market while insuring we are trading in the direction of the short term(!) trend, giving us a good trading edge to take some quick pips.
Now you can see small example(diagram) of scalping with the trend:
Step 2. Main scalping system rules:
As I told before, the rules of this trading system are very simple.
- First of all wait for a trend to show on the 5 minute Forex chart, higher highs in an up trend and lower lows in a down trend. Just look at the 50ema indicator for trend strength and direction.
- Make sure you are during the New York and London trade sessions(not Asian session).
- Check there is no major upcoming Forex news about to come out, before you start trading. For this purpose use Forex Daily Events Calendar.
- Once price enters half way into the zone open a trade, sell for downtrend and buy for up trend. It’s very important rule!
- Set up your stop loss at 5-7 pips + spread.
- Move stop to break even at +5 pips.
- Set up your take profit at 7-10 pips.
- Good Luck!!!
Remember, scalping Forex system is very and very aggressive system. Make you Forex life more stable with more frequent strategies changes. From scalping to long-term trading and back.
Forex trading signals.
Read also Forex 2 Easy posts:
- Forex scalping strategy. Examples.
- 10 Pips A Day Easy! New Forex trading strategy.
- MetaTrader expert advisor. Phoenix.
- Multiple Time Frame Forex Strategy.
- What is Forex Triangle Trading? Forex trading strategy 1.
- MetaTrader expert advisor. Framework.
- Main Forex Indicators & Forex signals screenshots.
- The Forex Trend is your friend, sometimes!
- Automatic forex system trading.
- Forex Risks. Top 10 Forex Risks & example.

















