Two Stochastic Scalping System

Two Stochastic Scalping System is an trend-momentum strategy created for fast and high freqency trades. Open 3-4 currency pairs and apply the following indicators for setup.
Time Frame 5 min
Currency pairs:EUR/USD, GBP/USD, USD/JPY
34 EMA, close.
55 EMA close
Stochastic (8,1,3)
Stochastic (13, 1, 3)
MACD (34, 89, 34)
Pivot points.
Sessions: London and New York.
Trading rules
Buy
MACD 2 line going upward
Stochastic oscillator at least one of them, should be recently oversold at the 20 level and be crossed up.
Exit with profit target 5-9 pips or at the the pivot points level.
Sell
MACD 2 line going downward
Stochastic oscillator at least one of them, should be recently overbougth at the 80 level and be crossed down.
Exit with profit target 5-9 pips or at the the pivot points level.
Two Stochastic Scalping System

Two Stochastic Scalping System

Two Stochastic Scalping System

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