Scalping is a popular approach in trading, as many traders don’t want to wait for potential rewards. It involves numerous short term trades on low timeframes, including 1, 5, and 15 minute charts. However, scalping is challenging. It requires significant funds, lots of experience, and a well developed plan that will allow traders to reach a considerable success rate. Below you will find three effective scalping strategies for a 5 minute chart.1. EMA and RSIThe exponential moving average is a beloved indicator for 5-minute trades. Still, on crypto, a 5 min scalping strategy may include other tools to either confirm signals or find new ones. For this trading approach, we will add the RSI indicator. Its main purpose is to identify overbought and oversold conditions.This strategy includes three exponential moving averages with periods of 9 (moving average 1), 55 (moving average 2), and 200 (moving average 3). The RSI setup should include a middle line of 50 as opposed to standard 30 and 70 levels.2. Momentum StrategyMomentum is a reversal strategy. The idea is to define strong momentum on a price chart that would support the reversal and a price explosion. If you look for a 5 minute crypto scalping strategy on the Internet, it’s likely this will be the first one you will find.The strategy is based on EMA (exponential moving average) and MACD (moving average convergence divergence) signals. It’s assumed that a trader would replace a simple moving average with an exponential one because the latter puts more weight on the most recent prices. It makes EMA more sensitive and more responsive to the current market conditions. Therefore, the exponential moving average may be considered the best moving average for a 5 min chart. A 20 period moving average will suit best.The MACD indicator is based on the exponential moving averages. Usually, it consists of two lines and a histogram. In this strategy, traders only use the histogram. MACD is applied to the chart with its standard parameters of fast EMA with a period of 12, slow EMA with a period of 26, and a signal line with a period of 9, all calculated on close prices.3. EMA, MACD, and Bollinger BandsThis is another 5 min trading strategy. It involves EMA, MACD, and Bollinger Bands.The strategy includes:• Exponential moving averages with periods of 5 and 20,• Bollinger Bands with standard settings (length of 20 and standard deviation of 2),• MACD with standard settings (fast EMA with a period of 12, slow EMA with a period of 26, and a signal line with a period of 9, all applied to close prices).