The TOP-3 most popular trading strategies for Forex scalping

The video explains three effective 5-minute trading strategies for Forex scalping, a technique involving multiple short-term trades on low timeframes. These strategies cater to traders seeking quick rewards but demand substantial funds, experience, and a robust plan for success. ⚡ Momo Strategy: ✔️ Setup: Uses EMA and MACD signals, emphasizing the use of a 20-period EMA and specific MACD settings on a 5-minute chart. ✔️ Entry: Long positions are considered when the price breaks above EMA and MACD is above the zero line. Shorts are taken when the price crosses below the 20-period moving average and MACD is below zero. ✔️ Take Profit & Stop Loss: Involves trailing take-profit orders and strategically placed stop-loss orders. ⚡ EMA and RSI: ✔️ Setup: Employs three EMAs (9, 55, 200) and RSI with altered levels to identify overbought and oversold conditions. ✔️ Entry: Buy when MA1 is above MA2 and MA2 is above MA3 and RSI above the level 52; sell when MA1 is below MA2 and MA2 is below MA3 and RSI below the level 48. ✔️ Take Profit & Stop Loss: Determines exit points based on RSI’s high or low formations and utilizes nearest support/resistance as stop-loss targets. ⚡ EMA, MACD, and Bollinger Bands: ✔️ Setup: Uses EMAs (5, 20), Bollinger Bands, and MACD with standard settings. ✔️ Entry: Buy when 5-period EMA crosses 20-period EMA upward, price near lower Bollinger Band, and MACD histogram above zero; sell under opposite conditions. ✔️ Take Profit & Stop Loss: Closes trades based on MACD histogram highs/lows and sets stop-loss orders relative to support/resistance levels. Please, read the full article about working 5-minutes trading strategies at FXOpen blog 🌐 FXOpen official website: Join us on our social networks: ✅ ✅ ✅ ✅ CFDs are complex instruments and come with a high risk of losing your money.