47# 5 min Method Trading System

Submit by joy22

Pair: EUR/USD, GBP/USD, AUD/USD, NZDUSD, AUDJPY, USD/JPY.

Time: 5 min

Indicators

MACD: 12,26,1 ( 1 means nothing )

Stochastic: 5,3,3

EMA: 5 to the close

EMA: 5 to the open

*no trades during news times*

*Risk is set to 1%*

*Take profit is random based on market conditions but ill usually cash out based on reversal patterns or a cross of the two ema's*

Trade signals are only confirmed on closed candles/bars.

Buy Signal

a) When the stochastic crosses up from the 20 line and is not ovebought ;

b) The MACD closses higher than the previous time interval;

c) The Signal candle/bar closes higher bullish;

d) The 5 ema to the close has crossed the 5 ema to the open;

Stop Loss is the low of the previous candle or 20 pips but 20 pip min.

Close when the 5 ema to the close has crossed the 5 ema to the open

Sell Signal

a) When the stochastic crosses down from the 80 line and is not oversold;

b) The MACD closses lower than the previous time interval;

c) The Signal candle/bar closes lower bearish;

d) The 5 ema to the close has crossed the 5 ema to the open;

Stop Loss is the high of the previous candle or 20 pips but 20 pip min.

Close is based on price action.

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