Top EUR/USD scalping strategy for 2018

Looking at the scalping strategies and their performance in 2018, I chose the best performing at moment. The strategy is once again simple and very profitable, and here it is a bit more risky because it has a shorter timeframe, namely 5 minutes.

Timeframe: 5 minutes (M5)

Currency pair: EUR / USD, with refinement of indicator parameters can also be applied to other smaller spreads forex pairs, such as USDJPY, GBPUSD and AUDUSD.

Indicators: Keltner Channel with period 43 (Linda Rashke's favorite - one of the best women in the business who is a scalping trader) and EMA with a period of 25.

Selected trading rules of a successful woman Linda Raschke!

Long entry: when EMA 25 crosses the Upper Keltner Channel 43 from bottom up - Waiting for a closed bar to meet the criterion.

Short entry: when EMA 25 crosses the lower Keltner Channel Channel 43 down - a bar must be closed to meet the criterion.

Take Profit: 39 pips

Stop Loss: 21 pips

EUR / USD, Channel breakthrough in combination with figure and long formation

How did that strategy performed from the beginning of 2018:

Starting with 10 000$ makes a profit of 7806$ with 11.96% Drawdown (1843$) with 1 lot per entry

Note: When implementing the strategy, additional signals can be sought and market moods can be monitored for the day. We should not forget that these results are a statistical sample for 6 months on a 5-minute chart and future positive results are not guaranteed. That is why we need to define our Money Management very precisely.

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