281# Stochastic Scalping with three moving averages

Stochastic Scalping

Time Frame 5 min; 15min

any pair:

Session London and New york:

Metatrader Indicators:

Three exponential moving averages these are Fibonacci numbers.

144 EMA;

89EMA;

21 MA Smooth;

stochastic (13, 5,5,);( these are Fibonacci numbers);

SHI Silver Trend.

The trade is simple:

Trade only in trend:
the trend is up when 21 ma Smooth>89EMA>144EMA;
The trend is down when 21 ma Smooth>89EMA>144EMA;
Price pullback on the moving averages and stochastic in overbought or oversold.

The trade is simple:

Trade only in trend:
the trend is up when 21 ma Smooth>89EMA>144EMA;
The trend is down when 21 ma Smooth>89EMA>144EMA;
Price pullback on the moving averages and stochastic in overbought or oversold.

Buy

The Trend is up ;(see previous conditions)

Wait the pullback price on moving averages confirmed by green dot SHI Silver Trend, Buy when color stochastic is in oversold with green color.

Sell

The Trend is down ;(see previous conditions) Wait the pullback price on moving averages confirmed by red dot SHI Silver Trend, Sell when color stochastic is inoverbough with red color.

Exit position

Stop loss 3 pip3 above below Hi or low of recent candle swing.

Profit Target fast and predetermined, depends by currency pairs and time frame 5min or 15min. Example (5 min 8-12 pips) (15 min 10-18pips). Good exit is also on the levels pivots or resistance-support.

In the pictures Stochastic Scalping with three moving averages in action.

Share your opinion, can help everyone to understand the forex strategy.

Comments: 6

#6
PejmanKNTU (Saturday, 10 August 2019 22:31)

I have lots of questions. is there anybody to help me ?
#5
silvabizhub (Monday, 14 May 2018 23:07)

it's very simple and easy for all traders
#4
adam (Monday, 25 December 2017 18:18)

see a similar strategy is here: https://www.forexstrategiesresources.com/scalping-forex-strategies-ii/196-stochastic-forex-strategy-with-tree-exponentials-moving-averages/
#3
maki (Monday, 31 October 2016 16:10)

i use this in binary options (15 minute) but i time my entry in 1minute chart.
works like magic.
#2
pinche pancho (Wednesday, 27 May 2015 03:57)

yes its good system
#1
Joza (Monday, 15 September 2014 21:15)

Do you have experience with this system?
It is good?