PEE scalping strategy is a trend following method that uses Exponential Moving Averages to identify the trend.
Metatrader Indicators :
- Exponential Moving Average (633, Close).
- Exponential Moving Average (200, Close).
- Exponential Moving Average (36, Close).
- Exponential Moving Average (12, Close).
- PFE (10, 5, 10,10);
- Pivot Points.
- Chart Timeframe : 5 Minute, 15 Minute.
- Currency Pairs : EUR, GBP, AUD, USDCHF, USDCAD
Long Position Entry :
1. EMA 12 is greater than EMA 36, EMA 36 is greater than EMA 200, EMA 200 is greater than EMA 633.
2. PFE is greater than 0.
3. Re-entry is possible when the price bounces on EMA 200 or EMA 633 but wait when EMA 12 is greater than EMA 36 or with the previous conditions.
Short Position Entry :
1. EMA 12 is less than EMA 36, EMA 36 is less than EMA 200, EMA 200 is less than EMA 633.
2. PFE is less than 0.
3. Re-enter with the previous conditions or when the price bounces on the EMA 200 or 633 EMA but wait that EMA 12 is less than EMA 36.
Exit Rules :
- Profit Option : pivot points.
- Stop Loss Option 1 : at 3 pips.
- Stop Loss Option 2 : above or below MA 48.
How to install Files?
- Download *.zip file.
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select Template
- You will see Trading System strategy is available on your Chart