5 Minutes Trading strategy on Major Pairs - Fx Scalping strategies

5 Minutes Trading strategy

 Time Frame 5min

Currency pairs: Majors

 Forex Indicators:

1/ Exponential Moving Averages. 5,20, and 50,

2/ Bollinger Bands, (2, 20)

3/ MACD, ( 12,26,9)

4/ RSI, (14)

5/ Stochastic.(9,3,3)


Rules Entry:

1/ 5EMA crosses the 20EMA and the 50EMA

2/ Candles have moved back inside Bollinger Bands and changes direction

3/ MACD, RSI, Stochastic ALL overbought or oversold.

BUY ENTRY: Circled on the Candle chart 5EMA crossing the 20EMA then

both cross the 50EMA.Candles have moved back inside Bollinger bands and turned

green.

Arrowed Top MACD on an upward trend, RSI on an upward trend, Stochastic

has crossed moving up.

EXIT: Candles have moved back inside Bollinger bands and turned red. MACD, RSI,

Stochastic have peaked. + 64 points.

SELL ENTRY: Circled on the Candle chart 5EMA crossing the 20EMA then

both cross the 50EMA.Candles have moved back inside Bollinger Bands and turned

Red.

Arrowed Top MACD on a downward trend, RSI on a downward trend,

Stochastic has crossed moving down.

EXIT: Candles have moved back inside Bollinger and turned green. MACD,

RSI, Stochastic have peaked. + 68 points