5 min EUR/USD GBP/US, USD/JPY Power
system below is my strategy. to try it out as it does produce good
profits. you make pips everyday.
Overview:
Name: The Power
Pair: EUR/USD GBP/US, USD/JPY,
indices: S&P 500, Dow, Dax.
Time: 5min
Sessions: London and New York
Indicators
MACD Oscillator: (12,26,1 (
Stochastic Oscillator: (5,3,3)
Exponential moving average, EMA: 5 to
the close
Exponential moving average EMA: 5 to
the open
Rules 5 min EUR/USD GBP/US, USD/JPY
Power system
Trade signals are only confirmed on
closed candles/bars.
Long Entry
a) stochastic crosses upward from the
20 line and is not ovebought;
b) The MACD going upward near above
zero line;
c) The Signal candle/bar closes higher
bullish
d) The 5 ema to the close crosses up 5
ema to the open
Stop Loss is the low of the previous
candle or 20 pips EUR/USD , 25 pips USD/JPY and GBP/USD)
exit position when the 5 ema to the
close has crossed downward the 5 ema to the open
Short Entry
a) stochastic crosses downward ;
b) The MACD going downward near below
zero line;
c) The Signal candle/bar closes lower
bearish
d) The 5 ema to the close crosses down
5 ema to the open
Stop Loss is the low of the previous
candle or 20 pips EUR/USD , 25 pips USD/JPY and GBP/USD)
exit position when the 5 ema to the
close has crossed upward the 5 ema to the open
no trades during economic news
annuncements.
Risk is set to 1%
Take profit is based on market
conditions, reversal patterns or a cross of the two ema's.
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