LWMA and MACD 5 min scalping

LWMA and MACD 5 min scalping is a trend following day trading strategy.
Pairs: EUR/USD, USD/JPY, GBP/USD Indices: S&P 500 and Dax.
Trading Sessions: London and New York.
Forex Indicators setup:
LWMA 10 period close,
Simple Moving average 20 period close,
Stochastic Oscillator (10, 6, 6,),
Slow RSI 28 period, close.
Slow MACD (25, 52, 18).
Trading rules LWMA and MACD 5 min scalping
Buy
LWMA 10 above 20 SMA.
Slow RSI above 50 level.
Slow Stochastic oscillator crosses upward.
Slow MACD Histogram above zero level.
Sell
LWMA 10 below 20 SMA.
Slow RSI below 50 level.
Slow Stochastic oscillator crosses downward.
Slow MACD Histogram below zero level.
Exit
Initial Stop loss above/below the last swing high/low.
Profit target 5- 10 pips.
This is a good scalping system based on Slow MACD and Mas.
Slow indicators have been used to avoid false signals and always agree with the main trend.
In the chart below LWMA and MACD 5 min scalping random trades examples.
LWMA and MACD 5 min scalping

LWMA and MACD 5 min scalping

LWMA and MACD 5 min scalping

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