5Min Intraday System

I am using this 5Min intraday strategy with great success on the EurUsd and Gpb/Usd. Three deals max. per day. Open position when the angle of the 50 Simple moving average are greater than 20Degrees and the price retrace back into the zone of the 21 Exponential moving average and the 10 Exponential moving average. Set stoploss at 6 pips plus spread and profit taking at 8-10 pips. Move stoploss to breakeven as soon as 6 pips gain is obtained. Using this strategy is at your own risk. Hope someone will benefit from it.

Below is some important links to questions and Information. Work through that as the most important answers are there.
Thanks to Golfer for compiling it.

Phillip Nel’s 5min intra-day system

Summary of posts

part 1:

Dates: December 01, 1997 to April 04, 2008

Post numbers: No #2761 to #3450
(included My Rules and Appendices on Golfer’s signature)

topics

1. Phillip’s latest summary of his 5min system

http://www.forexfactory.com/showpost...postcount=3436

2. Phillip’s advice

http://www.forexfactory.com/showpost...postcount=3016

http://www.forexfactory.com/showpost...postcount=2927

http://www.forexfactory.com/showpost...postcount=3450

http://www.forexfactory.com/showpost...postcount=2819

http://www.forexfactory.com/showpost...postcount=2766

3. Phillips’ trades:

http://www.forexfactory.com/showpost...postcount=2711

http://www.forexfactory.com/showpost...postcount=2712

http://www.forexfactory.com/showpost...postcount=2864

http://www.forexfactory.com/showpost...postcount=2731

http://www.forexfactory.com/showpost...postcount=2743

http://www.forexfactory.com/showpost...postcount=2744

http://www.forexfactory.com/showpost...postcount=2716

http://www.forexfactory.com/showpost...postcount=2730

4. My Rules and Appendices

My Rules


http://www.forexfactory.com/showpost...postcount=2333

Appendix A -D:


http://www.forexfactory.com/showpost...postcount=2334

Appendix E – TC pattern on MACD:


http://www.forexfactory.com/showpost...postcount=3076

Drawing My Small resistance and support lines:


http://www.forexfactory.com/showpost...postcount=2876

Mkain’s reference post:


http://www.forexfactory.com/showpost...postcount=3308

Trading plan and money management:


http://www.forexfactory.com/showpost...postcount=2865

5. Indicators for download

MACD indicator:


http://www.forexfactory.com/showpost...postcount=3080

http://www.forexfactory.com/showpost...postcount=3071

Swiss Army EA:


http://www.forexfactory.com/showpost...postcount=2746

http://www.forexfactory.com/showpost...postcount=2747

5min Template and SMAangle indicator:


http://www.forexfactory.com/showpost...postcount=2681

http://www.forexfactory.com/showpost...postcount=3211

http://www.forexfactory.com/showpost...postcount=3220

http://www.forexfactory.com/showpost...postcount=3115

http://www.forexfactory.com/showpost...postcount=2858


Multipivot and EJ candleTime EA


http://www.forexfactory.com/showpost...postcount=2682

http://www.forexfactory.com/showpost...postcount=3255

http://www.forexfactory.com/showpost...postcount=2899

6. Signals

Smooth TC on MACD signal


http://www.forexfactory.com/showpost...postcount=3125

http://www.forexfactory.com/showpost...postcount=3126

http://www.forexfactory.com/showpost...postcount=3109

http://www.forexfactory.com/showpost...postcount=3120

http://www.forexfactory.com/showpost...postcount=3076

http://www.forexfactory.com/showpost...postcount=3086

http://www.forexfactory.com/showpost...postcount=3057

http://www.forexfactory.com/showpost...postcount=3035

http://www.forexfactory.com/showpost...postcount=3020

http://www.forexfactory.com/showpost...postcount=2979

http://www.forexfactory.com/showpost...postcount=2966

http://www.forexfactory.com/showpost...postcount=2967

http://www.forexfactory.com/showpost...postcount=2968

http://www.forexfactory.com/showpost...postcount=2969

2-candle entry setup


http://www.forexfactory.com/showpost...postcount=3022

http://www.forexfactory.com/showpost...postcount=2839

Spreading out of Moving Averages


http://www.forexfactory.com/showpost...postcount=3196

http://www.forexfactory.com/showpost...postcount=3099

http://www.forexfactory.com/showpost...postcount=3085

SID MOV:


http://www.forexfactory.com/showpost...postcount=3339

http://www.forexfactory.com/showpost...postcount=3273

http://www.forexfactory.com/showpost...postcount=3227

http://www.forexfactory.com/showpost...postcount=3098

http://www.forexfactory.com/showpost...postcount=3100

Typical EY move:


http://www.forexfactory.com/showpost...postcount=3296

http://www.forexfactory.com/showpost...postcount=3163

http://www.forexfactory.com/showpost...postcount=2882

7. 3 little sisters

http://www.forexfactory.com/showpost...postcount=3256

http://www.forexfactory.com/showpost...postcount=3254

http://www.forexfactory.com/showpost...postcount=3169

http://www.forexfactory.com/showpost...postcount=3172

http://www.forexfactory.com/showpost...postcount=3140

http://www.forexfactory.com/showpost...postcount=3148

http://www.forexfactory.com/showpost...postcount=3121

http://www.forexfactory.com/showpost...postcount=3122

http://www.forexfactory.com/showpost...postcount=3123

http://www.forexfactory.com/showpost...postcount=3128

http://www.forexfactory.com/showpost...postcount=3130

http://www.forexfactory.com/showpost...postcount=3083

http://www.forexfactory.com/showpost...postcount=3087

http://www.forexfactory.com/showpost...postcount=3070

http://www.forexfactory.com/showpost...postcount=3044

http://www.forexfactory.com/showpost...postcount=3024

http://www.forexfactory.com/showpost...postcount=2928

http://www.forexfactory.com/showpost...postcount=2929

http://www.forexfactory.com/showpost...postcount=2887

http://www.forexfactory.com/showpost...postcount=2857

http://www.forexfactory.com/showpost...postcount=2850

http://www.forexfactory.com/showpost...postcount=2701

8. Bullish/bearish 3 pattern:

http://www.forexfactory.com/showpost...postcount=3265

http://www.forexfactory.com/showpost...postcount=3270

http://www.forexfactory.com/showpost...postcount=3247

http://www.forexfactory.com/showpost...postcount=3193

http://www.forexfactory.com/showpost...postcount=3180

http://www.forexfactory.com/showpost...postcount=3155

http://www.forexfactory.com/showpost...postcount=3160

http://www.forexfactory.com/showpost...postcount=2974

http://www.forexfactory.com/showpost...postcount=2975

9. Ellipse pullback trades:

http://www.forexfactory.com/showpost...postcount=3298

http://www.forexfactory.com/showpost...postcount=2772

10. Triangle trades

http://www.forexfactory.com/showpost...postcount=3167

http://www.forexfactory.com/showpost...postcount=3162

http://www.forexfactory.com/showpost...postcount=3150

http://www.forexfactory.com/showpost...postcount=3129

http://www.forexfactory.com/showpost...postcount=3072

http://www.forexfactory.com/showpost...postcount=3031

http://www.forexfactory.com/showpost...postcount=3033

http://www.forexfactory.com/showpost...postcount=2956

http://www.forexfactory.com/showpost...postcount=2940

http://www.forexfactory.com/showpost...postcount=2883

http://www.forexfactory.com/showpost...postcount=2841

http://www.forexfactory.com/showpost...postcount=2830

http://www.forexfactory.com/showpost...postcount=2831

http://www.forexfactory.com/showpost...postcount=2832

http://www.forexfactory.com/showpost...postcount=2811

http://www.forexfactory.com/showpost...postcount=2815

http://www.forexfactory.com/showpost...postcount=2702

http://www.forexfactory.com/showpost...postcount=2694

http://www.forexfactory.com/showpost...postcount=2685

11. Church patterns formation:

Explanation of the formation of the two types of Church formation:


http://www.forexfactory.com/showpost...postcount=2809

http://www.forexfactory.com/showpost...postcount=2810

Examples and discussions:


http://www.forexfactory.com/showpost...postcount=2947

http://www.forexfactory.com/showpost...postcount=2939

http://www.forexfactory.com/showpost...postcount=2836

http://www.forexfactory.com/showpost...postcount=2837

http://www.forexfactory.com/showpost...postcount=2839

http://www.forexfactory.com/showpost...postcount=2788

http://www.forexfactory.com/showpost...postcount=2729

http://www.forexfactory.com/showpost...postcount=2705

Some more samples

Some more samples

Sample

How do you determine the 20 degree angle?

ok .... looks good on a strong trend but what happens on the right of your chart?
these examples you are giving are cherry picking.

The 20 Degrees is determined by eyesight. It is about trading with the trend that is strong when the angle of the 50MA is strongly in a direction. It is not about the exact angle. One gets a feeling for the movement over time. It is true that the samples given are very true ones. It is to make the explanation easier. I do make max three trades per day. After two wins in a row (±15-20 pips) I am finish for the day. One win and one loss make me trade on more time. Two losses in a row and I am out for the day. I will post more difficult examples. The main purpose is to determine a strong 5min trend through the angle of the 50MA and then enter the trade when it retraces back inside the other two MA's

This was a more difficult day. The purple areas are the ones where the 50MA angle were to flat for a trend and to do trades. Still I managed one wrong and two correct rades for the day. Trade No1 was wrong and trade 2 and 3 were right ending up with 8 pips positive. There were several other trades afterwards that were much easier to spot with the angle of the 50MA. Give the 50MA some time to develop and to clearly show its angle before entering on a retracement into the 21EMA and 10EMA. There are plenty of chances to get in. Wait for the good setup to occur.

I made three trades. No 1 was right, 2 was wrong and 3 was right ending up 10pips for the day.

Good method phillip...!

Well my two pips....
cable's price always have a lot of whipsaw, so u might wanna relook athat 50 sma for ur SL coz it will surely hit alot of times...

i used to have a system somewhat similar where is use 55ema and 60 ema to determine trend bias...from there i will use price action setups to go long or short, depending on the ema projection. target 10-20 pips per trade.

Eurusd will be a good option for this method.

Sample. Be very cautious before news announsmants. I am not trading news with this system.

I mainly trade the EurUsd but when I see the right setup in the GbpUsd I go for it.

I made one trade as it was a sitter on Friday. Made 15pips.

Looks good... I will test!

Bago

I found that your trading system is interesting and simple...
Sorry for my stupid question.. I'm newbie here
I have few question about your system
Please correct me if I am wrong, the rules is :
- 50 SMA
- 21 EMA
- 10 EMA
- Stop loss 6 pips + spread
- Profit taking 8 - 10 pips
- Best on USD/EUR and GBP/USD
- Open position when 50 SMA angle more than 20 degrees... (sorry if my English poor) and what do you men by retrace int 21 EMA & 10 EMA ?
is The Price Line must cross or hit the both of 21 EMA and 10 EMA ?
- 50 SMA is the trend indcator ? if 50 SMA downtrend ... we open sell and visa versa ?
- How long have you trade with this system ? and how is the win % ?

Thanks...
Hope you'll reply ..

Nice method. It would be great to have some filters maybe off the M15 for the trend.

All the best

Alex

There were two trades today.

The rules are as follow.
1. The 50 Simple moving average must be in a strong trend identified by the angle it is in.
2. Wait then for the price to pull back into(inbetween) the zone of the 21EMA and the 10EMA.
3. Enter the trade within this zone.
4. Set stoploss to 6 pips plus spread.
5. Move stoploss to breakeven after 6 pips gain is on.
6. Take profit 8-10 pips.

Nice little method... I see no reason to mess with adding any filters... It seems like it works quite well on it's own... The real key to making money after one has a positive expectancy system is to use valid money management... Just like many systems available here, this works very well.. Congrats.

Scott

I don't trade with indicators and or filters. The main thing is to make sure rule No 1 (50SMA are trending strongly) is valid, then wait for the price to pullback into the zone, close your eyes and enter. Do some backtesting and you will see how often this occur. You will be amaze.

Thanks
The main thing is moneymanagement. Stick to the rules(close the trade when 6 pips + spread) is against you.