5 min scalping with ema channel and MACD

5 min scalping with ema channel and MACD is a trend following strategy based on two EMAs filtered by MACD.
Time Frame 5 min.
Pairs: EUR/USD, GBP/JPY, USD/JPY, GBP/USD, USD/CAD.
Trading Session.all.
Forex Indicators
21 EMA, close with level 100 and -100.
5 EMA, close.
Slow MACD as filter ( 18. 34, 12).
Trading rules 5 min scalping with ema channel and MACD
Buy
5 EMA crosses above 21 EMA.
Slow MACD histogram above zero level.
Re-enter when the candle came back above the 21 EMA.
Exit with predetermind profit target tha depends by pairs 8-15 pips, or at the + 100 band.
Initial Stop loss 8 -10 pips below the entry bar.
After 8 pips in gain move stop loss at the breakeven.
Sell
5 EMA crosses below 21 EMA.
Slow MACD histogram below zero level.
Re-enter when the candle came back below the 21 EMA.
Exit with predetermind profit target tha depends by pairs 8-15 pips, or at the - 100 band.
Initial Stop loss 8-10 pips below the entry bar.
Do not enter if the bar closes above 100 line or below -100 lines.
After 8 pips in gain move stop loss at the breakeven.
This is a strategy simple and effective. Also in this strategy the slow MACD is a great filter.
In the charts below trades examples
5 min scalping with ema channel and MACD

5 min scalping with ema channel and MACD

5 min scalping with ema channel and MACD

5 min scalping with ema channel and MACD

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