Microtrading M1 And M5 Charts

Microtrading is a scalping technique fast.

Sessions : London and New York.

Currency pairs: EUR/USD, GBP/USD, USD/JPY.

Time Frame 1 min, 5 min.

Forex Indicators:

Bollinger Bands (18 period, 2.0 deviation)

3 Exponential moving average,

MACD histogram (12, 26, 9),

Relative Strength lndex period, 14.

Trading rules Microtrading M1 And M5 Charts

Buy

Wait for the З EMA to cross upward 18 middle line of Bollinger Bands

Relative Strength lndex going upward above 50 level.

MACD Histogram to going up, or histogram above О level.

Sell

Wait for the З EMA to cross downward 18 middle line of Bollinger Bands

Relative Strength lndex going upward above 50 level.

MACD Histogram to going down, or histogram below О level.

Profit Target 5-10 pips.

Place initial stop loss 5 pips below/above the entry.

Trading Examples