256# 5 min Scalping GBP/JPY, GBP/USD

Submit by James UK 24/11/2012

This  scalping trading system.

5 min forex scalping is a trading system based on Stochastic jurich smooth,

The advantage of this scalping system is that it is very fast

entering into place to buy or sell.

Time Frame 5min

Currency pairs: any ( i suggest GBP/JPY or GBP/USD)

Indicators

Buy-Sell arrow;

Stochastic on Jurich smooth(10,4,3,). (indicator mt4 written by Madlen)

 Buy Signal:

when (Buy-Sell arrow) gives us aler Buy and Stochastic on jurich smooth ovesrold.

 Sell Signal:

when (Buy-Sell arrow) gives us aler Sell and Stochastic on jurich smooth overbought.

Exit position options:

When arrow changes color,

At the level of the important levels of support or resistance.

Profit Target predetermined, or ratio 1:1,2 stop loss. (exmple if stopl loss is 10 pips profit target is 12 pips)

Place Stop loss on the previous swing or 3 pips above or below entry bar.

In the picture 5 min Scalping GBP/JPY, GBP/USD in action.

Experimental method with Stochastic on jurich smooth

 Long entry

wait Stochastic on Jurich smooth is at 0 level in oversol area after buy at first arrow.

 Short Entry

wait Stochastic on Jurich smooth is at 100 level in overbought  area after sell at first arrow

 Exit position at opposite arrowStop loss 15-20 pips.

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

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