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.