5 min Fx Trading - forex market hours indicator download

5 min Fx Trading ~ forex market hours indicator download

5 min Trading is a scalping strategy trend following. This is the main charting set-up we use.

Time frame 5 min with candlestick chart.

Set two Exponential moving averages:

10 EMA and 20 EMA.

When 10 Ema is above 20 EMA we say the market in buy trend.

When 10 Ema is below 20 EMA we say the market in Sell trend.

Set MACD (12, 26, 9),

Ad Pivot tool.

Buy

EMA 10 > EMA 20 (Buy Trend);

MACD going green and MACD signal goion up;

MACD line higher than MACD signal,

Green Candle > 1 pip body length

Must not touch the 10 EMA line and the lovest point of the candle must be at least 1 pip higher 10 EMA line

Candle must make a new high looking 3 candles back.

Sell

EMA 10 < EMA 20 (sell Trend);

MACD going red and MACD signal going down;

MACD line lower than MACD signal,

Red Candle >1 pip body length

Must not touch the 10 EMA line and the highest point of the candle must be at least 1 pip lower 10 EMA line

Candle must make a new low looking 3 candles back.

5 min trading

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