5 min scalping with ema channel and MACD

5 min scalping with ema channel and MACD is a trend following strategy based on two EMAs filtered by MACD.

Time Frame 5 min.

Pairs: EUR/USD, GBP/JPY, USD/JPY, GBP/USD, USD/CAD.

Trading Session.all.

Forex Indicators

21 EMA, close with level 100 and -100.

5 EMA, close.

Slow MACD as filter ( 18. 34, 12).

Trading rules 5 min scalping with ema channel and MACD

Buy

5 EMA crosses above 21 EMA.

Slow MACD histogram above zero level.

Re-enter when the candle came back above the 21 EMA.

Exit with predetermind profit target tha depends by pairs 8-15 pips, or at the + 100 band.

Initial Stop loss 8 -10 pips below the entry bar.

After 8 pips in gain move stop loss at the breakeven.

Sell

5 EMA crosses below 21 EMA.

Slow MACD histogram below zero level.

Re-enter when the candle came back below the 21 EMA.

Exit with predetermind profit target tha depends by pairs 8-15 pips, or at the - 100 band.

Initial Stop loss 8-10 pips below the entry bar.

Do not enter if the bar closes above 100 line or below -100 lines.

After 8 pips in gain move stop loss at the breakeven.

This is a strategy simple and effective. Also in this strategy the slow MACD is a great filter.

In the charts below trades examples