Forex scalping crash course – 307.2% Return on Account.

Trading strategies involving exponential moving averages (EMA) can be used for forex scalping on 5-minute charts. The strategy you mentioned involves using three EMAs: 10 EMA, 15 EMA, and 50 EMA. Here’s a step-by-step guide on how to implement this strategy:

1. Understanding the EMAs:
   • Exponential Moving Average (EMA) is a type of moving average that gives more weight to recent price data, making it more responsive to price changes.
   • The 10 EMA responds quickly to price movements and provides immediate signals.
   • The 15 EMA provides a more balanced view of short-term price trends.
   • The 50 EMA is used as a trend filter and provides a broader perspective on the overall trend.
2. Setting up your chart:
   • Open a 5-minute chart for the currency pair you wish to trade.
   • Add the 10 EMA, 15 EMA, and 50 EMA to your chart.
   • You can download a special EMA indicator under “Settings of the EMA Indicators” in this course.
3. Identifying the trading conditions:
   • Buy Signal: When the 10 EMA crosses above both the 15 EMA and the 50 EMA.
   • Sell Signal: When the 10 EMA crosses below both the 15 EMA and the 50 EMA.
4. Entering a trade:
   • Once you identify a buy signal, enter a long (buy) trade.
   • Once you identify a sell signal, enter a short (sell) trade.
   • You can enter the trade at the market price or wait for a small retracement to get a better entry point.
5. Managing the trade:
   • Place a stop-loss order below the recent swing low for buy trades or above the recent swing high for sell trades.
   • Consider setting a profit target based on your risk-to-reward ratio or use a trailing stop to lock in profits as the trade moves in your favor.
6. Exiting the trade:
   • Exit the trade when the 10 EMA crosses in the opposite direction of your initial entry signal.
   • Alternatively, you can exit the trade based on your predetermined profit target or trailing stop level.
7. Risk management:
   • Determine your position size based on your risk tolerance and account size.
   • Use proper risk management techniques, such as risking only a small percentage of your trading capital per trade (e.g., 1-2%).

Remember that no trading strategy guarantees profits, and it’s essential to practice proper risk management and have realistic expectations. It’s also advisable to backtest and demo trade this strategy to gain confidence before using it with real money. Additionally, keep in mind that market conditions and trends can change, so it’s important to adapt and adjust your strategy accordingly.