3 # 5 minute Scalping setup for mobile MT4 with slow Ema's and Stochastic EMA 300 and EMA 1000

5 minute Scalping setup for mobile MT4 platform is base on two slow moving averages (EMA 300 and EMA 1000) with the Oscillator Stochastic in the same window.

Setup of the strategy.

• Time Frame only 5 min;

• Currency any major pair with small spread;

• Small stop loss of 5 – 15 pips; 

• Take profit of 5 – 20 pips;

• 200  simple moving average, close;

• 1000 simple moving average, close;

• Stochastic (5,3,3, close) level to 90 - 95 (oversold) and 5 – 10 (overbought).

Trading rules

        Buy entry

        a. When ma 1000, ma 200 and stoch 5.3.3 join together and touch level 5 -10 of the stochastic level, it is a signal for buy  screenshot as below;

 Sell entry

        a. When ma 1000, ma 200 and stoch 5.3.3 join together and touch level 90 -95 of the stochastic level, it is a signal for sell b. Screenshot as below;