Forex scalper 2xEMA + SRSI + MACD — Strategy by exlux
By exlux
Performance Metrics
- Author: exlux
- Symbol: FX:EURUSD
- Timeframe: 5 minutes
- Net P&L: +8.64 USD (+0.87%)
- Win Rate: 64.0%
- Profit Factor: 1.648
- Max Drawdown: 2.72 USD (0.27%)
- Total Trades: 25
- Sharpe Ratio: 0.012
Description
This is a forex scalping strategy designed for the most liquid pairs, like major forex pairs.Its made of 1 EMA 501 EMA 100Stochastic RSIMACDRulesFor long :close of the candle is above moving average 50, moving average 50> moving average 100, macd histogram is positive and cross over of stochastic rsi with the oversold level.For short :close of the candle is below moving average 50, moving average 50 < moving average 100, macd histogram is negative and cross under of stochastic rsi with the overbought level.ExitFor exit we have take profit and stop loss using fixed pip points.For this example on EURUSD we use 20 pips for both tp and slIF you have any questions let me know !