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Two Stochastic Scalping System

Two Stochastic Scalping System is an trend-momentum strategy created for fast and high freqency trades. Open 3-4 currency pairs and apply the following indicators for setup.
Time Frame 5 min
Currency pairs:EUR/USD, GBP/USD, USD/JPY
34 EMA, close.
55 EMA close
Stochastic (8,1,3)
Stochastic (13, 1, 3)
MACD (34, 89, 34)
Pivot points.
Sessions: London and New York.
Trading rules
Buy
MACD 2 line going upward
Stochastic oscillator at least one of them, should be recently oversold at the 20 level and be crossed up.
Exit with profit target 5-9 pips or at the the pivot points level.
Sell
MACD 2 line going downward
Stochastic oscillator at least one of them, should be recently overbougth at the 80 level and be crossed down.
Exit with profit target 5-9 pips or at the the pivot points level.
Two Stochastic Scalping System

Two Stochastic Scalping System

Two Stochastic Scalping System

Two Stochastic Scalping System Reviewed by learn forex trading on June 09, 2017 Rating: 5

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