581# 5 minute trendline scalping
Trend line scalping method
Submit by Lorenz 06/2017
5 minute trendline scalping is a simple trend line breakout method with Metatrader 4 Indicators. In other words this also an high/low scalping breakout.
Time frame 5 min or higher.
Currency pairs: GBP/JPY, GBP/USD, USD/JPY, EUR/USD.
Sessions: London and New York.
This method is also good for trading with Binary options high/low:
expiry time 2-3 candles or 2-3 min with time frame 5 min.
5 minute trend line scalping is also good with renko chart
Coral 15 period;
AMA 11 period, , n slow 34;
Gann Zig Zag with range 1 period;
MT 4 Trend line
5 minute trend line scalping trading rules
Trend line up trend (angle up)
Coral aqua color.
AMA indicator green dot.
Place a pending order 1 pip above the last high.
Trend line down trend (angle down)
Coral magenta color.
AMA indicator red dot.
Place a pending order 1 pip below the last low.
Place initial stop above/below the dot of ama indicator.
Fast profit target (5-10 pips) depends by currency pairs.
This is a discretionary strategy and requires experience in order management.
The key to this scalping strategy is to know trades with a good angle of the trend line.
This trading technique can give satisfaction is winning.
The estimated time to learn this technique on demo account is about 4-6 weeks.
It is advisable to start practicing with higher time frames.
In the pictures 5 minute trendline scalping in action.