15# 5 minutes scalping with triple stochastic

Submit by Alexis

5 minutes scalping with triple stochastic is a pure momentum strategy based on three slow stochastic oscillator. This trading system was designed for mobile MT but is suitable for all types of platforms.
The strategy setting is Multitime Frame, the reference time frame for momentum analysis is H1, while the timing frame for entering the market is 5 minutes.

Setup Strategy

Type of Strategy: Intraday

Style of strategy: Momentum MTF

Platform:MT Mobile-any.

Time frame timing 5 minutes.

Currency pairs:any, best EURGBPUSD, USDCHF, AUDNZD, AUDCAD, NZDCAD, AUDCHF.

Indicators

Stochastic Oscillator (15, 3,5)

Stochastic Oscillator (15, 3,5)

Stochastic Oscillator (15, 3,5)

with level 10-90.

Trading rules 5 minutes scalping with triple stochastic

Buy

Open H1 chart all three stochastics point upward towards from the oversold area.
5 minutes the same all three stochastics point upward towards from the oversold area.

Sell

All three stochastics point down from the overbought area.
5 minutes the same all three stochastic points down when coming from the overbought area.

Exit position place initial stop loss below the previous swing High/Low, profit target ratio stop loss 1:1.3