620# Ichimoku Stochastic Scalping

Submit by Lorenz

Ichimoku Stochastic Scalping is a strategy trend momentum based only on two indicators: Dot MMS oscillator and ichimoku medium setting. This trading system was created to trade on high / low binary options but it is also excellent without binary options with an excellent profitability that allows us to apply speculative money management techniques. In this article I do not deal with money management techniques. 

If you use this strategy for scalping and intraday you can open 10 charts at 5 min and 15 min time frame at the same time.

Binary options high/low expiry time 3-5 candles.

Time frame 5 min or higher.

Currency pairs: majors for low time frame at the higher time frame also minors.

Indicators setting:

Ichimiku indicator (medium setting 8, 25, 48).

Dot MMS (5, 2).

Trading rules Ichimoku Stochastic Scalping

Buy

Price above the medium Ichimoku or between green dot.

Buy arrow of Dot MMS.

Initial stop loss below the previous swing low.

Profit target predetermined or close position at opposite arrow.

Sell

Price below the medium Ichimoku or between red dot.

Sell arrow of Dot MMS.

Initial stop loss above the previous swing high.

Profit target predetermined or close position at opposite arrow.

In the pictures Ichimoku Stochastic Scalping.

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