5 min Method Trading System
Pair: EUR/USD, GBP/USD, AUD/USD, NZDUSD, AUDJPY, USD/JPY.
Time: 5 min
Indicators
MACD: 12,26,1 ( 1 means nothing )
Stochastic: 5,3,3
EMA: 5 to the close
EMA: 5 to the open
*no trades during news times*
*Risk is set to 1%*
*Take profit is random based on market conditions but ill usually cash out based on reversal patterns or a cross of the two ema’s*
Trade signals are only confirmed on closed candles/bars.
Buy Signal
a) When the stochastic crosses up from the 20 line and is not ovebought ;
b) The MACD closses higher than the previous time interval;
c) The Signal candle/bar closes higher bullish;
d) The 5 ema to the close has crossed the 5 ema to the open;
Stop Loss is the low of the previous candle or 20 pips but 20 pip min.
Close when the 5 ema to the close has crossed the 5 ema to the open
Sell Signal
a) When the stochastic crosses down from the 80 line and is not oversold;
b) The MACD closses lower than the previous time interval;
c) The Signal candle/bar closes lower bearish;
d) The 5 ema to the close has crossed the 5 ema to the open;
Stop Loss is the high of the previous candle or 20 pips but 20 pip min.
Close is based on price action.