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forex pip snager


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Pretty basic system... uses 10 and 21 EMA crosses for trend and trigger. For the M1 scalper, the snager filter is simply a 50 SMA on the 5 min chart. If price opens and closes >1 pip above the 50 SMA look for longs only, opposite for shorts. No trade if price opens and closes on opposite sides of the 50 SMA or is <1pip above or below it.
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