This 5 Minute Forex Scalping Strategy Using Parabolic SAR And 200 EMA is one easy forex scalping system to use as the rules are really simple to follow.

Setting Up Your Chart

On you chart you need the following indicators:

• Parabolic SAR (settings:0.02 step)
• 200 exponential moving average applied to the close.
• de-munyuk-indicator
• timeframe: 5 minute chart

Currency Pairs to trade: any with low spread, like EURUSD, GBPUSD, USDJPY

Trading Sessions: London, US

Long (Buy) Rules

1. Price must be above the 200 ema (this tells you its an uptrend)
2. Parabolic SAR dots appear below the price (this indicates bullishness)
3. !De_Munyuk indicator must be green or flips from red to green (short term uptrend)
4. Place stop loss 1 pip below the Parabolic SAR Dot.
5. Set take profit at 15 pips

Short (Sell) Rules

1. Price must be below the 200 ema (this tells you its a downtrend)
2. Parabolic SAR dots appear above the price (this indicates bearishness)
3. !De_Munyuk indicator must be red or flips from green to red (short term downtrend)
4. Place stop loss 1 pip above the Parabolic SAR Dot.
5. Set take profit at 15 pips

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