5
min forex scalper is a trading system designed for scalping on 5
min chart. With
the five minute timeframe for the trader is easy to analyze the
market trend.
Time
Frame 5 min.
Currency
pairs for trade are : EUR/USD, GBP/USD, USD/JPY with low spreads.
Sessions:
London and New York.
Forex
Indicators:
Pivo
Points levels,
20
EMA ,close,
100
EMA close,
Stochastic
ultra slow (21, 8, 8,) with 30 and 70 levels.The stochastic is the
timing for entry. Other options is only with 50 level. Crosses below
50 Buy, above 50 Sell.
Trading
rules 5 min Scalper forex system
Buy
20
EMA above 100 EMA.
The
stochastic oscillator to move below the level of 30 (or option 50
)level and crosses upward,
Place
Initial stop loss 7 pips below the entry bar.
Profit
Target 9-15 pips or at the levels of Pivot Points.
Sell
20
EMA below 100 EMA.
The
stochastic oscillator to move above the level of 70 level (or option
50 ) and crosses downward,
Place
Initial stop loss 7 pips above the entry bar.
Profit
Target 9-15 pips or at the levels of Pivot Points.
This
is a comfortable strategy for beginners. Easy to apply.
Great
profitability.
Below
5 min Scalper Forex System examples.
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