5 min Scalping GBP/JPY, GBP/USD
5 min forex scalping is a trading system based on Stochastic jurich smooth,
The advantage of this scalping system is that it is very fast
entering into place to buy or sell.
Time Frame 5min
Currency pairs: any ( i suggest GBP/JPY or GBP/USD)
on Jurich smooth(10,4,3,). (indicator mt4 written by Madlen)
when (Buy-Sell arrow) gives us aler Buy
and Stochastic on jurich
when (Buy-Sell arrow) gives us aler Sell
on jurich smooth overbought.
Exit position options:
When arrow changes color,
At the level of the important levels of support or resistance.
Profit Target predetermined, or ratio 1:1,2 stop loss. (exmple if stopl loss is 10 pips profit target is 12
Place Stop loss on the previous swing or 3 pips above or below entry bar.
5 min forex scalping system
In the picture 5 min Scalping GBP/JPY, GBP/USD
Experimental method with Stochastic on jurich smooth
wait Stochastic on Jurich smooth is at 0 level in oversol area after buy at first arrow.
wait Stochastic on Jurich smooth is at 100 level in overbought area after
sell at first arrow
Exit position at opposite arrowStop loss 15-20 pips.
Share your opinion, can help everyone to understand the forex
- 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