11# 5 Minutes Scalping for Mobile

Submit by Janus Trader

5 minutes scalping for mobile is a very flexible trend momentum forex strategy. The purpose of this strategy is to enter a movement that is already in place, this feature increases the overall profitability of the trading system. The system was based on a channel of slow moving averages and two fast moving averages. Then, under the main graph, there is a slow stochastic which is for filtering and timing.

The time frame is 5 minutes but can be adapted to all time frames by changing the configuration. Furthermore, this type of system is suitable for martingale hedging with a high probability of success, but in this case a higher time frame is recommended. The strategy is suitable for especially volatile currency pairs.

Although this strategy started out as mobile it can be applied to all mobile and desktop trading platforms because it uses basic indicators.

Setup strategy

Time Frame 5 min-

Currency pairs: any.

Indicators

Main chart

Simple moving average 50 period, high.

Simple moving average 50 period, low.

Simple moving average 3 period, close.

LWMA moving average 9 period, close.

Sub Window

Oscillator Stochastic slow (100, 8,8, close).

Setting 1 min chart

Main chart

Simple moving average 300 period, high.

Simple moving average 300 period, low.

Simple moving average 50 period, close.

LWMA moving average 100 period, close.

Sub Window

Stochastic Oscillator slow (200, 21, 21, close).

Trading Rules 5 minutes Scalping for mobile

Conditions

Buy

3 SMA above channel MA.

9 SMA above channel MA.

Stochastic oscillator > 60 level.

Entry when the price comes back on the LWMA 9 period.

Sell

3 SMA below channel MA.

9 SMA below channel MA.

Stochastic oscillator < 40 level.

Entry when the price comes back on the LWMA 9 period.

Exit Position

Place Initial stop loss above below the previous swing high/low.

Profit Target minimum ratio stop loss 1:1. 

Recommended trailing stop.

Examples of trades

From the images it is easy to understand the ambition of this strategy that is to enter a movement in progress, in fact, if the movement is good you have the opportunity to earn many pips.

As an exit I recommend a minimum stop loss ratio of 1: 1 but also a trailing stop to benefit from the trends that develop.