Tag: Best EMA Strategy

Best Exponential Moving Average Scalping Strategy

AndyLatest News / Latest News / NewsLeave a comment

Best Exponential Moving Average Scalping Strategy

If you want to make profits in the world of Forex, and you want to make them today, then this five minute exponential moving average scalping strategy is for you.

Today, we are here to explain what is easily one of the most effective and beginner friendly trading strategies out there, the 3 EMA strategy for Forex scalping.

Today, you are going to learn all about moving averages, and we’re also going to teach you one of the best 5 minute scalping strategies that uses 3 exponential moving average lines to produce fast and reliable profits.

What is an Exponential Moving Average?

Before we can get to talking about Andy’s best 3 EMA trading strategy for Forex scalping, you first need to know what an EMA or exponential moving average is.

So, first off, a moving average or a simple moving average is a technical analysis tool used in many types of trading.

A moving average is calculated to identify the trend direction of a stock, currency pair, security, or anything else in between.

With a simple moving average, the closing prices of a security are added together and then divided by the number of closing prices (or periods) that were added together, thus providing you with a simple average of the closing prices over a given period.

Well, the EMA or exponential moving average places much more weight on the most recent prices used in the equation, thus being much more responsive and providing much more accurate signals for short term trading.

Exponential Moving Average

 

What is Forex Scalping?

Just so you are clear as to what this trading strategy is all about, when it comes to scalping, this is a specific type of day trading. Keep in mind that day trading or intraday trading refers to a style of trading where trades are open for a day or less. Now, when it comes to scalping, this is a very fast style of trading where traders use very short timeframes, usually no longer than 15 minutes.

In terms of Andy’s 3 exponential moving average scalping strategy, the timeframe he uses is 5 minutes. What you need to know here is that if you perform scalping trading the right way, you do stand to gain a whole lot of profits. It’s all about making a lot of small profits that add up to substantial gains over the course of a day. If done properly, this 3 EMA strategy will allow you to trade with minimal risk and maximum profit potential.

 

Best Exponential Moving Average Scalping Strategy

Ok, so what we are here to do right now is to take a closer look at the best five minute exponential moving average Forex scalping strategy that you can use in order to make consistent profits in a very short amount of time. As you will see from the video that we have included here, which shows you Andrew trading and profiting with this exact same trading strategy, if you can follow the simple tips and rules that he provides you with, you should be able to make some pretty decent profits no doubt. Keep in mind that you can use this strategy for any broker and trading platform.

Ok, so the first thing that you need to know here is that this is a 3 EMA strategy, or in other words, to make this strategy function, you need to have three exponential moving average lines. So, within your trading platform, go to the indicators section and select the EMA. Click on it three times in order to add three exponential moving average lines to your chart.

The next thing that you need to do is to edit all of your EMA lines. Go to their individual settings, and set the first one to input 21 and close 0, the second to input 9 and close 0, and the third line set to input 13 and close 0. Moreover, what you also need to make sure of here is that you are using a 5 minute chart, as this strategy will really only work for a five minute timeframe. If you use charts that have longer or shorter timeframes, you will get false signals.

exponential moving average

Now, in terms of what you are looking for on your chart, you are looking for areas where the candlesticks do not touch your exponential moving average lines for at least 30 or 40 minutes. When the candlesticks are not touching the 3 EMA lines, what you are waiting for is the first candle to touch the EMA (any of the three lines) and when it does, count backwards 5 candlesticks, and out of those 5, look for the highest candle and the lowest candle.

As you can see from the video, these candles will then provide you with your entry into a trade, which in the case of the video example is a buy trade. In an upward trend, you are looking for the highest point in those 5 candles, and that will be your entry into a buy trade (when there is upward momentum). As Andrew notes in the video, you want to trade with the trend, and if you see a trend with strong momentum, then you really want to follow that trade.

Now comes the part where you will actually make money, exiting the trade. So, what you need to do here is to exit the trade at the next resistance level (if it was a buy trade) or exit the trade at the next support level (if it was a sell trade). As far as this exponential moving average Forex scalping strategy goes, this is more or less everything you need to know in order to make profits. If you are still confused, we recommend watching the tutorial video once more, as Andrew does show everything in great detail.

 

The Best 3 Exponential Moving Average Strategy – Final Thoughts

There you have it folks, the best 3 EMA or exponential moving average scalping strategy that can help you make quick, easy, and reliable profits when trading Forex.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

Best EMA Strategy For Forex Trading!

Fabian FabianLatest News / Latest News / NewsLeave a comment

Best EMA Strategy For Forex Trading!

OFFICIAL WEBSITE: IncomeMentorBox.com

If you have not yet become a member of our Income Mentor Box Day Trading Academy, you really don’t know how much cash you are missing out on. Just to show you how valuable our educational materials are, our mentor, Andrew, has done a recent live trading session where he made nearly 2,200 Euros in profits using his awesome EMA strategy for Forex, stocks, and crypto.

 

Income Mentor Box Day Trading Academy EMA Strategy

What Is EMA & What Does It Tell You?

To be clear, EMA stands for exponential moving averages, and it is a type of moving average, a technical indicator, which places great weight on recent data points, as opposed to data points further back in history. Exponential moving averages are used to signal long term trends and price directions, so they can definitely be very useful for stock, Forex, and crypto trading, and the EMA strategy is best suited for trending markets.

 

Income Mentor Box Best EMA Strategy For Forex Trading

Now, the fact of the matter is that this best EMA strategy, which is brought to us courtesy of Andrew from the Income Mentor Box Day Trading Academy really is one of the best money making methods in day trading right now. The really cool part about using the exponential moving average strategy is that everyone can do it. It is really not that hard, it is fairly easy to learn, and as you can see from the included video, it is definitely quite profitable.

Now, we don’t want to get into explaining this EMA strategy on a step by step basis, as it would take quite a while, plus this is what the video is for. If you want to learn all about using this particular exponential moving average strategy, we definitely recommend watching the video. Yes, there are different ways to use the EMAs to your advantage, but this is hands down the best way to do it.

If you want to learn literally everything there is to know about trading strategies like this, we would definitely recommend becoming a member of our Income Mentor Box Day Trading Academy. Here you will get full and unlimited lifetime access to all course materials, which of course include using trading strategies like this. Also, do keep in mind that this EMA strategy is not only for Forex trading, but also for stock and crypto trading too, which is yet another bonus and piece of knowledge in your day trading arsenal. As you will see below, Andrew, the number one mentor, was able to make big time profits by using this exponential moving average strategy.

 

 

Income Mentor Box EMA Strategy – HUGE PROFITS IN 1 SESSION!

The fact of the matter is that Andrew from Income Mentor Box has managed to put this so called best EMA strategy to good use in order to make big profits. As you can see from the live trading session video, he was able to make well over 2,100 Euros in profits using this strategy. It is very important to note that Andrew placed and closed all of these trades live on video. It’s irrefutable proof that he did actually use this EMA strategy to trade Forex, and he did so quite successfully.

Folks, this Income Mentor Box Day Trading Academy EMA strategy managed to rake in nearly 2,200 Euros in pure profits in just a couple of hours. Talk about being impressive. The really cool part here is that you can simply copy this best EMA strategy for yourself, use it, and make healthy and consistent profits just like Andrew.

The fact that this particular exponential moving average strategy is so profitable is a really big deal, and it is just another piece of knowledge that will help you become a professional day trader. To be clear, using this EMA strategy, Andrew placed a total of 10 Forex trades, and 8 turned out to be winners, which translates to a solid 80% win rate, which is much better than most other Forex trading strategies allow for.

 

Income Mentor Box Day Trading Academy EMA Strategy

 

The Limitations Of Using Exponential Moving Averages

There is one thing that you should know about using exponential moving averages for stock, Forex, or crypto trading, a limitation so to speak. The problem here is that it is a bit unclear whether more emphasis should be put on the more distant data in the time period or the more recent data.

There is a so called recency bias present in the EMA strategy, where some traders believe that new data is best used for this strategy, whereas some will argue that placing a greater emphasis on certain dates creates a bias. If markets are efficient, then historical data may not tell us all that much about the future direction of a price. However, with that being said, as Andrew proved in his recent trading video, using his particular EMA strategy is indeed a great and profitable way to trade Forex, crypto, and stocks too.

Check Out Our Income Mentor Box Social Media Pages & Telegram Signals Group!

Don’t forget to check out our Income Mentor Box Day Trading Academy Facebook page and Instagram page. Our Instagram handle is “Andrew_Income_Mentor_Box”, and our Facebook page is “IncomeMentorBox”. This is a great way to get in touch with other members of the Income Mentor Box Day Trading Academy and to ask Andrew direct questions too.

Moreover, something else you definitely want to check out is our Income Mentor Box Telegram Signals Group for Forex. This is a signals provision service hosted by yours truly. You can join our Forex signals group on Telegram to get daily Forex signals. They are very easy to use. Simply copy and paste the signals into your trading platform of choice and watch as the winning trades roll in.

 

 

Income Mentor Box EMA Strategy – Final Thoughts

Remember folks, the EMA strategy described in the most recent Income Mentor Box trading video is one of the best out there, and as you can see, it is definitely profitable. If you want to become the best day trader you can be, we would definitely recommend joining our academy for lifetime, full, and unlimited access to all of our course materials.

 Income Mentor Box Indicators