This strategy is based on quadruple EMAs, MACD and Awesome Oscillator, developed by Nenad Kerkez and simplified by me.
Scalping strategy (lower time frames)
Entry Position Before we take a buy trade the two above criteria must be met. The 144 EMA must be above the 176 EMA and the 36 EMA must be above the 44 EMA. We then wait for AO to fall below the 0. The final „trigger‟ to the entry is when the MACD closes above the 0 line.
Sell trade is vice versa. 36 EMA must be below 44 EMA and 144 EMA must be below 176 EMA.
TAKE PROFIT and STOP LOSS 10-40 pips. Pivot Point targets. STOP LOSS above/below last highest high