15# 5 minutes scalping with triple stochastic
Stochstic Oscillator Trading Trading
Pure Momentum Strategy
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
Gphella (Tuesday, 27 July 2021 00:59)
I cant believe it this actually works i tried it on nas100 and it works