Here is a great scalping method

Hello guys, here is a great scalping method for EURUSD . Easy to use. Not too many indicators, just two moving averages - 21EMA and 100EMA.

Here is how I trade this strategy.

You take a trade when the moving averages cross. Buy when 21EMA cross the 100EMA from the bottom going up. Sell when 21EMA cross the 100EMA coming from the bottom to downward. Moving average cross over's have been used for many years. The way i make this profitable is when i lose money in one trade i try to break even in the next trade so my losses are covered. Then in the third trade try to make some profit again. If the market goes in my direction 8 to 10 pips i close my trade and collect profit.

I use a Moving average cross over ea which is very simple to use (attached). This ea takes me in the trade on the moving average cross. Once i am in i watch my trade.

The hardest part has been for me to make a decision to go in a trade or not. I let the ea do that for me.

The settings i use on this ea is attached as an image.

The template is also attached. I use it on 1 min chart and it works great. I use it mainly in asian / london session as well as london session.

If you back test this ea it may not give good results but remember you are using the ea to let you go in the trade. You have to watch your trade and collect 8 to 10 pips a trade, sometimes even 20 and sometimes just 5 it all depends on the market condition and the session.

In the ea please select the lot size according to your account balance.

This ea will always keep you in a trade if you do not close trades manually. It will cancel the position and re-open a new position every time on the cross.

Use it on demo before live to get use to this strategy.

Since this is on 1min you get a lot of trades all day.

Good Luck.

interesting....have you tried with other time frames and pairs?

I have tried with 5 min but not higher. Remember crossover strategies fail in ranging markets. With a 100ema on a very small time frame there are less worries of ranges.

Also normally when a trader gets hit with a bigger loss his emotions change and then comes a unstable mind. Shorter time frames mean less losses. The most you will have a loss is 30 pips (SL). But normally I get a loss of 5 to 10 pips which can be recovered the same day if not the next day.

Good luck

This is really cool. How long have you been using this strategy though?

For more than 6 months.

Firstly I thought: "to good to be true". But reading your first post I understood that is a semiautomatic method or even a more Manual method cz you use the EA only for (automatic) entry. OK ... so let's see what the others here will tell about their results. It seems to me they will highly depend on the experience of the traders trying it. Good for you: obviously you have your style + experience using this system - nice ... what about others ?

Here is some advice:

To me, moving averages are enough of a indicator to make money.

Keep your chart simple, stay away from major news and I personally do not trade first friday of every month (NFP).

Go with the flow of the market don,t worry about the price, eur/usd can be anywhere from 1.08 to 1.02 (currently) don,t try to predict the market, no one can predict market movements, market will not listen to no one.

The most important thing i like about this method personally is that, it keeps me alert all the time. There is more action in 1 min chart. Its not boring. Recovery of a loss is faster.

I use to trade on 15 min charts and saw the market moving 20 pips down then 15 pips up then 10 pips down then back 10 pips up, i was losing all those pips while trying to make my 30 pip profit.

In 1 min you get all the pips. Of course you get losses too but you can get more profits.

Look at this.

Well, prefer to use trailing stop rather than fixed sl and tp with MA cross strategy..

thank you procrude for sharing this. may ask you to show some trade by picture ? thanks again

may be that works for you (which is perfect) but for me in 1 min time frame trailing stop does not do too good. I however, move my sl at break even if i am 10 pips plus. I try to collect my 10 pips and let it find another trade. When extremely lucky i will get 15 to 20 pips.

i really do not have images on 1 min time frame, but i have a couple i did before on 5 min. I do not trade 5 min anymore though.

In one of the pictures you will see price channel indicator also, which i dont use anymore.

procrude,

Thanks for posting the method. Have you tried it on pairs other than EUR/USD?
Thanks

have you any stats for your strategy?

have you tried other pairs?

have you tried some conformations besides the MAs ?

no only eurusd, my broker has a good spread on this pair. this will not work on 1 min with yen pairs. it may work with audusd but not sure.

no i am only using ma now. the more confirmations mean more indicators. i try to keep it less complicated, collect losses and cover losses and make profit that is the game.

i don't hop around time frame to time frame.

try it on demo. you will make pips.

with the help of this basic ea you dont even have to click buy or sell. all you need is to is relax and close trades with profit, and yes sometime with a loss. game is to make more lose less.

thanks for your answer

i will try this but i have learned over the years MA strategies doesnt work over the long run. Everyone tells this to me.

The problem with the cross i think is that it happens soo late and most of the move i already over.



A question to you take profit in the ea. You put it at 20 Points and put your stop manually at breakeven at 10 points?

With a stop of 5 Pips and take profit of 10,15 or 20 the winrate dont have to be that big. Thats nice^^

yes try it it wont hurt...try in demo...MA strategy does not work if you only exit the trade at the next cross. Idea behind 1 min time frame is to grab less pips and exit. Make 5 to 8 to 10 pips and move on.

My ea image above will show you 30 pip stop loss and 200 pip profit. what i was saying is sometimes when the market goes in my favour i move my sl to break even in case it goes back i will come out with zero loss.

lets say even if it did go the opposite way? what will happen...either you will get stopped out at 30 pips (highly unlikely on 1 min time frame) or ea will take you in a new trade in the next cross....

Good luck

okay i will try this on monday

thank you!