408# 5 min Scalping New York Session
Momentum trend scalping system
Submit by Taurus 09/01/2014
5 min Scalping New York Session is a scalping system momentum trend.
Time Frame 5 min
Currency pair: EUR/USD, GBP/USD, Indicies.
Session Trading: New York (1 hour after open 16:30-22:30 Berlin GMT).
Forex Indicators:
Heiken Ashi;
Exponential Moving Average 5 periods;
Exponential Moving Average 10 periods;
EMA Crossover Signal (4, 8, signal true);
MACD (Fast EMA 9, Slow EMA 26, Signal SMA 9);
Stochastic Oscillator (10, 3, 3, Higl/Low);
Relative Strength Index (9 periods).
Rules for 5 min Scalping New York Session
Long Entry
Dark Green Heiken Ashi;
Stochastic oscillator cross upward;
Relative Strength Index (9 periods) > 50 level.
Short Entry
Red Heiken Ashi;
Stochastic oscillator cross downward;
Relative Strength Index (9 periods) < 50 level.
Exit position
At the oppoisite arrow or with fast profit target.
Place intitial stop loss below the previous swing.
Some also use this type of method after 17:00 (GMT Berlin).
5 min scalping New York
Clare (Sunday, 18 May 2014 03:20)
Thank you for this simple method. I wish to bring to your kind attention that the macd is not mentioned in the procedure, although it was listed as a requirement. Also when I downloaded the template, there was another indicator in the template but not mentioned in the method, it is the DSS Bressert( double smoothed stochastic of Bressert). Please clarify the situation. Thanks a lot.