SIMPLE 5 minute Forex Scalping Strategy (EMA + Stochastic RSI + ATR)

Published on August 10, 2023

Top clips relevant with Forex Trading Softwa, Forex Trading Robots, Trend Detection in Forex Trading, and Stochastic Scalping System, SIMPLE 5 minute Forex Scalping Strategy (EMA + Stochastic RSI + ATR).

Welcome back to TradeSmart! In this video I brought you a simple 5 minute chart forex scalping strategy that uses only 3 indicators, so you can try it out for yourself with a FREE TradingView account!
I’ve backtested this strategy 100 times on the EUR/USD and GBP/JPY charts. In this video you can find out what are the results.
Join me as I set up the chart and walk you through the indicators and the strategy rules, then watch as I backtest it 100 times to see how it performs. Plus, we’ll even show you a combined equity curve of the results on both the EUR/USD and GBP/JPY charts.

Tested assets/pairs:
GBPJPY
EURUSD

Tested Timeframe:
5 min

Indicators used:
Exponential moving average (EMA)
Stochastic RSI
SwingArm ATR (trend filter)

The original Video that inspired this strategy:

Profitable strategies I like (strategies backtested 100 times or more):

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Chapters:

0:00 Intro
0:38 Chart setup
2:47 Rules of the Strategy
5:33 Backtest
6:18 Results
7:25 Conclusion
8:11 Outro
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Historical results does not guarantee future profits.
None of the strategies presented on this channel are trading or financial advice, I am not a financial advisor. Do your own research before using any strategy for live trading.

The Strategy Presented in today video Used Paper Trading.

#forexscalpingstrategy #systematictrading #tradingstrategyreview

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A basic product trading system like the above, traded with discipline is all you need. Although, it is not exactly foolproof, you can still get a great upper hand by utilizing it. The concept is “Do not anticipate the marketplace”.

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