5 Minutes Quick Forex Strategy

The name of the system is 5 Minute Quick Forex Strategy. Forex system is introduced at "High Probability Trading Setups for Currency Market" By Kathy Lien and Boris Schlossberg. This is a simple Scalping Strategy using indicators of EMA and MACD.

Setup
EUR/USD 5 Minutes timeframe
EMA period 20
MACD  (12,26,9)
 

Buy Position When:

• Look for currency pair to be exchanging beneath the 20-period EMA and MACD to be negative 
• Wait for cost to cross over the 20-period EMA, verify that MACD is either at present intersection from negative to positive or have crossed into positive region no more than 5 bars back Go long 10 pips over the 20-period EMA 
• For forceful exchange, spot stop at swing low on 5 moment diagram. For moderate exchange, spot stop 20 pips underneath 20-period EMA
• Sell a large portion of position at passage in addition to sum gambled, move stop on second half to breakeven
• Stop by higher of breakeven or 25-period EMA short 15 pips

Open Sell Position Whe

• search for currency combine to be commerce higher than the 20-period EMA and MACD to be positive
• sit up for value to cross below the 20-period EMA, make certain that MACD is either within the method of crossing from positive to negative or have crossed into negative territory now not than five bars past
• Go short ten pips below the 20-period EMA
• For aggressive trade, place stop at swing high on five minute chart. For conservative trade, place stop twenty pips higher than 20-period EMA
• buy half position at entry minus quantity risked, move stop on half to breakeven
• path stop by lower of breakeven or 20-period EMA and fifteen pips

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