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641# 5 minute scalping

Protofilter as filter reinforcement.

Trend momentum scalping.

ubmit by Oscar

 

5 minute scalping is a trading system based on trend momentum indicators for scalping and intrady trading. The main feature is a double filter that ensures good profitability. So this is a 5 minute system for forex scalping suitable for fast profits.

 

The main feature is a double filter that ensures good profitability. So this is a 5 minute system for forex scalping suitable for fast profits. I added the second filter because I discovered it on this site and tried it here and it actually helps in discretionary trading by improving the profitability of this system.

Time frame 5min

Currency pair with tight spreads, stock indices and commodities.

Trading Sessions London and New York.

 

Metatrader4 indicators:

5 min indicator

5 min arrow.

Protofilter indicator mq4 (10 period).

Pivot points levels.

 

Trading rules 5 minutes scalping

Buy

Buy arrow confirmed by at least 2 dots and a blue bar.

 

Sell

Sell arrow confirmed by at least 2 dots and a red bar.

 

Exit position options:

At opposite arrow.

I recommend going out with profit target fast or at the level of pivot points.

Enter the stop loss at the previous swing high / low.

This is a winning strategy.

Simple and pips!!

 

Happy trading

In the pictures 5 minute scalping in action.

5 minute scalping
5 minute scalping
5 minute scalping
5 minute scalping
5 minute scalping
5 minute scalping
5 minute scalping
5 minute scalping

Share your opinion.

Comments: 1
  • #1

    Cladi (Monday, 10 June 2019 23:39)

    Thanks for the system, The arrow arears at beginning of candle, soo we most enter in that point?

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