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185# 5 min trending Scalping

Submit by Chen 06/02/2011

 

5M trending system - 10-15 pips/day

Hello people I am relatively new to forex and was wondering if i could get some feedback/advice on this Forex System.

 

Forex Indicators used:

 

Heinken Ashi

ADX (14)

Stoch (5,3,3)

Buy trade

 

When price action is above the Heiken Ashi smoothed

there has been at least 2 bullish HA candles

and the ADX is above 22 and showing bullish trend

Also Stoch is heading up

 

Sell trade: the opposite.

 

Risk reward 1:1/1:1.5 (so Stop Loss 10/15 pips, Profit Target 10/15)


 

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