5 Minute Scalping

5 Minute Scalping is a trend following system based on the custom indicators for day trading. The tradng system is based o five oindicators and the signals are generates when the arrow indicator is confirmed by the other indicators.

Currency pairs: EUR/USD, GBP/USD, USD/GOLD, EUR/JPY, EUR/GBP, EUR/AUD, GBP/JPY, NZD/USD, USD/JPY.

Time Frame 5 min.

System type: Trend following.

Plataform: Metatrader 4.

Sessions trading: London and New York.

Metatrader Indicators:

Main chart

5 Minutes Scalping 4 (arrow indicator).

5 Minutes Scalping 1 (period 30).

5 Minutes Scalping 2 (period 50).

In sub windows

5 Minutes Scalping 3 (period 10).

5 Minutes Scalping 5 trend period 18).

Trading Rules 5 Minute Scalping

Buy

5 Minutes Scalping 4 indicator buy arrow.

5 mintes Scalping 1 and 5 minutes Scalping 2 blue dot.

5 mintes Scalping 3 and 5 mintes Scalping 5 blue bar.

Sell

5 Minutes Scalping 4 indicator sell arrow.

5 mintes Scalping 1 and 5 minutes Scalping 2 red dot.

5 mintes Scalping 3 and 5 mintes Scalping 5 red bar.

Exit position options

Place initial stop loss on the previous swing high/low.

Exit when 3 indicators of the system changes direction.

Profit Target ratio stop loss 1: 1.1.

In the pictures examples of trades 5 Minute Scalping.

Download 5 Minute Scalping indicators metatrader 4 and template.