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Trend Following Scalping with MA-Stochastic Price Action


Forex Trend Following “MA-Stochastic” Price Action Strategy – Multi Moving Average strategies are quite popular among traders. It is simple, easy to follow, and mechanical making it suitable for any trader even if you are just starting out.

Most Moving Average strategies would work well during a trending market or a market that immediately starts to trend whenever it reverses.

Stochastic Oscillator is one of the most popular filters to MA reversal.

  • Time Frame: M5 or higher
  • Currency Pairs: GBPUSD and EURUSD

 

MetaTrader Trading Indicators
  • Moving Average
  • Stochastic Histogram

 

BUY Rules

Trading NOTES

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  • Moving Average:
    • The 20 EMA (red) above the 50 EMA (white)
    • The 5 EMA (blue) should cross above the 20 EMA (red)
  • Stochastic Histogram: Green histogram

 

SELL Rules

  • Moving Average:
    • The 20 EMA (red) below the 50 EMA (white)
    • The 5 EMA (blue) should cross below the 20 EMA (red)
  • Stochastic Histogram: Red histogram

 

Trading NOTES
  • Stop Loss: Set the stop loss above (sell) or below (buy) the previous swing
  • Risk-Reward Ratio 1:2 or 1:3

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