M5 Scalping System Multitime Frame

M5 Scalping System Multitime Frame is a simple trend following strategy filtered with multi time frame analysis.

Time Frame 5 min.

Currency pa<irs: USD/CAD, GBO/USD, USD/JPY, EUR/USD, GBP/JPY.

Sessions: London and New York.

Forex Indicators

LWMA 10, close.

LWMA 200, close.

RSI 10 period, close.

Trading Rules M5 Scalping System Multitime Frame

Trades only in the direction of the main trend.

Trend up if at the 60 min and 15 min chart LWMA 10 is > LWMA 200.

Trend down if at the 60 min and 15 min chart LWMA 10 is < LWMA 200.

Buy

Main trend up.

LWMA 10 period above 200 LWMA.

RSI > 50 confirm.

Sell

Main trend down.

LWMA 10 period below 200 LWMA.

RSI < 50 confirm.

Exit

Stop loss at previous swing high/low.

Profit Target 15-20 pips.

This trading strategy also if intraday generate less trades.

In the charts below examples.