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5 min Scalper Forex System

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.
5 min Scalper Forex System

5 min Scalper Forex System
5 min Scalper Forex System

5 min Scalper Forex System

5 min Scalper Forex System Reviewed by learn forex trading on June 19, 2017 Rating: 5

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