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Momentum Scalp Forex Trading Strategy

Momentum Scalp Forex Trading Strategy




The Setup: Trading Momentum Using 7 & 14 SMA

Although this is a scalping strategy, we will still be using the 1-hour timeframe. This is because more traders are looking at the hourly candles as compared to the lower timeframes. If the previous hour does have momentum, traders looking at the candle on the next hour would immediately enter based on candle patterns without waiting on the consolidation phase. This volume of traders would push momentum further.
The rules of this strategy will be based on how a candle opens and closes in relation to the 7 & 14 SMAs.

Buy Setup:

  • The 7 SMA should be above the 14 SMA.
  • On the signal candle price should open in between the 7 SMA and the 14 SMA.
  • On the same candle price should close above the 7 SMA.
  • There should only be a little to no wick above the signal candle.
  • The low of the candle should not go below the 14 SMA.
  • Enter immediately at the open of the next candle.
Stop Loss: Stop loss should be 5 pips below the entry price.
Take Profit: Target take profit price should be 5 pips from entry price.
All our buy entry rules were ticked. If you would notice, on the next candle, price almost didn’t have a lower wick. This signifies that as soon as the next candle opened, price immediately pushed upwards without hesitation. This is a classic momentum play.

Sell Setup:

  • The 7 SMA should be below the 14 SMA.
  • On the signal candle price should open in between the 7 SMA and the 14 SMA.
  • On the same candle price should close below the 7 SMA.
  • There should only be a little to no wick below the signal candle.
  • The high of the candle should not go above the 14 SMA.
  • Enter immediately at the open of the next candle.
Stop Loss: Stop loss should be 5 pips above the entry price.
Take Profit: Target take profit price should be 5 pips from entry price.

How to install Momentum Scalp Forex Trading Strategy?


  • Download Momentum Scalp Forex Trading Strategy.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex system
  • Right click on your trading chart and hover on “Template”
  • Move right to select Momentum Scalp Forex Trading Strategy
  • You will see Momentum Scalp Forex Trading Strategy is available on your Chart

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