C5 Trading System
Time Frame: 5m,
•Pivots Daily #1 & #2
•Pivots Weekly #1 & #2
•Pivots Monthly #1 &
•EMA 34 Blue
•EMA 55 Red
•Stochastic #1: 8,0,3
•Stochastic #2: 13,0,3 (in stochastic #1 window)
•MACD Lines: 34, 89, 34
Break down of what each indicator is used
•Pivots – always used as support and resistance and for placing stops and take profit orders
•EMA 34 & 55 – trend indicator and retracement entry signal
•Stochastics – used to help call tops and bottoms and pinpoint entries
•MACD Lines – trend and trade direction indicator
•CCI – trade direction confirmation (optional indicator but very
The rules for entry
pull above 34 & 55 EMAs in an obvious manner and be easily recognizable.
34 EMA must be above the red 55 EMA
be in buy mode and preferably above the 0 line (above 0 line is optional) •Stochastic, at least one of them, should be recently over sold at the 20 level and be headed up •Is best for CCI to be above 50 but not mandatory. This is used as an early warning to trend
Here are some examples of good buy set ups.
•Price must pull below 34 & 55 EMAs in an
obvious manner and be easily recognizable.
•The blue 34 EMA must be below the red 55
•MACD must be in sell mode and preferably below the 0 line (below 0 line is optional) •Stochastic, at least one of them, should be recently over bought at the 80 level and be headed down •Is best for CCI to be below 50 but not mandatory.
This is used as an early warning to trend change.
Here are some examples of good sell set ups.
Most of these examples here
are absolutely perfect set ups. To be honest, the majority of the setups are not this perfect. Sometimes the stochastic won’t match at the time of entry or the CCI may be very near the 50 and
require a judgment call on trade entry. For the most part, when price is obviously on one side of the EMAs and the MACD isgiving an obvious trade direction,
this is enough for an entry.
Well, that really depends on which broker you are using. I personally use a mental stop due to rogue market spikes
that happen at times that have whipped me out in the past. I also do not trust market makers at all. My rule of thumb is to place a stop at the last obvious swing point or 55 pips. If I have to
go away from my pc for a short time and if I’m not in profit on a trade I’ll use a 55 pip stop.
I almost never use a stop loss of more than 55, unless I’m in a GBPJPY trade. I have seen this pair run against me
nearly 100 pips and come right back into profit inside of 3-5 minutes. That pair is crazy at times…but the profits are definitely worth it. .
For this strategy, if the trade is not going your way, the indicators usually will turn and give you a full
reversal signal before your stop is hit. Most of the losses with this strategy are between 30-50 pips with the winners being much larger and more often
Here’s a screen shot of an example of where I would put a stop loss
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