The Force 5 Min strategy
Hey there,
Pretty simple system I found on Forex Factory, which seems to be having some decent success!
The rules are as follows.
Used on EUR/USD M5 Chart
MACD: 12,26,1
Stochastic: 5,3,3
EMA: 5 to the close
EMA: 5 to the open
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
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
SL is 20 PIPS TP is 20
Reply With Quote
