5min forex scalping strategy with stochastic and supertrend indicator




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5min forex scalping strategy with stochastic and supertrend indicator5 Min Forex Scalping Strategy With Stochastic And Supertrend Indicator

Benefit from the 5 min scalping fx strategy with the special Supertrend Metatrader 4 indicator. There are only a few steps required to open buy and sell trades with a 10 pip profit target.

Indicators: SuperTrend, Stochastic Oscillator (%K period: 7, %D period: 3)

Preferred time frame(s): 5 Min

Trading sessions: London, Us

Preferred Currency pairs: EUR/USD, GBP/USD, GBP/JPY, EUR/JPY, AUD/USD, USD/JPY

USD/JPY M5 Trading Example

Our system provided us with 3 profitable buy entries along an up trend. Total profits: 30 pips. One open trade at 104.86.

Trading Rules

Price has to trade above the SuperTrend indicator (green line)

Stochastic touches the 20 level (or go below 20)

Stochastic blue line crosses the red dotted line from below

Price has to trade below the SuperTrend indicator (red line)

Stochastic touches the 80 level (or go above 80)

Stochastic blue line crosses the red dotted line from above

This is your sell entry signal. Place stop-loss 1 pips below the declining SuperTrend line.