Scalping method with Support and Resistance

Time Frame 5 min or higher.
Currency pairs: majors.
Trading Rules
Entry when the price bounce on support and resistance.
Price has memory.
Support and Resistance lines are to be understood as the range of 3-5 pips price.
Buy
I enter the trade. If it’s a buy I mark the last swing high price made and look for price to find support on the previous high. If price breaks below then an aggressive exit would be there. If it breaks below and comes back and finds resistance then it is definitely time to get out.
Entry when the price bounce on support and resistance.
Sell
If it’s a sell I mark the last swing low price made and look for price to find resistance on the
previous low. If price breaks above then an aggressive exit would be there. If it breaks above
and comes back and finds support then it is definitely time to get out.
Entry when the price bounce on support and resistance.
Price bounce on support and resistance
MT4 Strategy
Indicators
Supprt RT (25 period)
PT 8- 14 pips dependes by pair.
Place initial stop loss 5 pips above/below the SR lines.
Entry when the price bounce on support and resistance.

Price has memory

Below the link for download the template MT4 with indicators MT4.
https://drive.google.com/file/d/0Bwjv2Pbf48itbHNHVjRFMUtEQkU/view?usp=sharing

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