FREE DOWNLOAD M5 Scalping Trading System – 5 Minutes Forex Scalping Strategy With Fisher MACD & Stochastic Oscillator. This 5 Minutes Forex Scalping Strategy With Fisher MACD can provide you with lot of and high accuracy trading opportunities each day.
For each trade placed, you are aiming for 200 pips profit. Don’t forget to experiment with different settings and find out which one works best for you.
5 Minutes Fisher MACD Scalping Trading Rules
The chart above shows how this forex scalping system works and as you can see, there were 3 valid buy trading signals.
These are the indicators you require:
- Fisher MACD Indicator
- Stochastic oscillator with default settings
- Moving Average
Timeframe: 5 minutes
Trading Sessions: Preferably the UK and US trading sessions
Currency Pairs: low spread pairs like EURUSD and GBPUSD.
The buying rules are really simple:
- The fisher MACD indicator must have a green bar.
- The stochastic indicator upward.
- Price above EMA 50
The selling rules are really simple:
- The fisher MACD indicator must have ared bar.
- The stochastic indicator downward.
- Price below EMA 50
Execute a sell order if the above 3 conditions are met.
Place you stop loss below a nearest swing low or 100 pips (whichever comes first).
Your profit target should be 200 pips. Don’t forget to experiment with different TP : SL ratio and find out which one works best for you.