5 min Forex Trade Trading System

5 min Forex Trade Trading System

Works on All Time Frames and for all Pairs – Best used on 5Min/15min/ for short
term Trades and

30min/1Hr/4hr/daily for Long term Trades ).

Forex Indicators used :

1. LaGuerre 1 (
for entry ) – Gamma 0.60, levels 0.15, 0.85,0.45 bars
to read 9500 color Blue ( File name is Laguerre-ACS1.ex4 )

2. LaGuerre 2 (
for exits ) – Gamma 0.80, levels 0.15, 0.85, 0.45 bars
to read 9500, color Red ( File name is Laguerre-ACS1.ex4 )

For the Lags Enable Fixed maximum (~1.05) and fixed minimum (~-0.05) on in the
Common tab of the Laguerre indicator

3. Bollinger
bands – 20, 0 and close (
default) ( This is very imp indicator as in uptrend the
middle Bollinger acts
as support and

in downtrend it acts as resistance )

4. EMA 200 ( Red ) and EMA 60 (Blue) to find support and resistance

5. Pivot
Points : To Find daily Profit levels and as
indication of expected Support / Resistance areas for the day.

6. MACD – Traditional – Setting of 12,20,9 – Crossover confirmation with Lags for entry and exit.

7. StochHistogram – an indicator which shows the overbought/oversold status of the market.. Use default settings of 14,3,3 .

Buy when the price crosses to positive. Sell when the price crosses down to
negative. Green histogram means it’s in an uptrend. Red

histogram means it’s in a downtrend.

Long Entry ( on 5 min chart
)

I) First Setup ( Best Setup – Maybe able to catch moves of +50 to 150 pips
)

For Long : What you need to do is first
look if price is above the Daily Pivot, and then look if the the LaGuerre 1 (

henceforth called as Lag1 ) is above 0.15 and going upwards , StochHistogram ( Henceforth called as Stoch) is
gone from

negative to positive , MACD has made a crossover to positive ( Crossover above
Zero Line ) and LaGuerre 2 ( Henceforth

called as Lag2) is at the bottom ( for
Extended Period of time ) or trending upwards above 0.15 .

Exits for Long ( Multiple Options – Choose whichever option as per
your Take Profit Level )

1. When Lag-2 crossed 1.00 and then starts to come down below
0.85

2. When you get +50 pips

3. Daily
R1 – ( First Resistance above Daily Pivot )

4. Daily R2 – ( Second Resistance above Daily Pivot)

5. MACD crossover from Positive to Negative and Red lag is turning
down

6. When Stoch Histogram goes from Positive to Negative, and Red Lag is pointing
Down ( both conditions have to be

Get E-Book Worth $100 for Free!!!

met , if not take 50% profit and let the trade run )

7. When the Stop Loss is hit ( 20 pips + Spread ) – This is likely to happen only
if you have not taken the trade as per

rules or taken a trade 30 mins before or within 30 mins of
news

If anyone has more suggestions, kindly email me so I can look into it and add to
the exits.

Short Entry

For Short : What you need to do is first look if the the LaGuerre 1

( henceforth called as Lag1 ) is
below 0.85 and going downwards , StochHistogram ( Henceforth called as Stoch) is gone

from positive to negative , MACD has crossover to Negative from Positive ( Below
Zero Lines ) and LaGuerre 2 (

Henceforth called as Lag2) is at the
top ( for extended period of time ) or trending downwards below 0.85

Exits for Short ( Multiple Options – Choose whichever option as per
your Take    Profit Level )

8. When Lag-2 crossed 0.00 and then starts to come up to
0.15

9. When you get +50 pips

10. Daily S1 – ( First Support below Daily Pivot )

11. Daily S2 – ( Second
Support below Daily
Pivot)

12. MACD has crossed over to positive and red lag is turning up

13. When Stoch Histogram goes from negative to positive, and Red Lag is pointing
up ( both conditions have to be

met , if not take 50% profit and let the trade run )

14. When the Stop Loss is hit ( 25 Pips including Spread ) – This is likely to
happen only if you have not taken the trade

as per rules or taken a trade 30 mins before or within 30 mins of
news

Stop Loss for all the entries for Long
and Short is 20 pips plus spread from the best setup as per rules.

(To See Manual in attach)

5 min Forex Trade

Share your opinion, can help everyone to understand the forex strategy.

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
0/5 (0 Reviews)