5 Min Forex Scalping Strategy With Stochastic And Supertrend Indicator

Benefit from the 5 min scalping fx strategy with the special Supertrend Metatrader 4 indicator. There are only a few steps required to open buy and sell trades with a 10 pip profit target.

Chart Setup

Indicators: SuperTrend, Stochastic Oscillator (%K period: 7, %D period: 3)
Preferred time frame(s): 5 Min
Trading sessions: London, Us
Preferred Currency pairs: EUR/USD, GBP/USD, GBP/JPY, EUR/JPY, AUD/USD, USD/JPY

Download

Download the 5 Min Forex Scalping Strategy With Stochastic And Supertrend Indicator for Metatrader 4.

USD/JPY M5 Trading Example

forex-scalping-with-stochastic

Our system provided us with 3 profitable buy entries along an up trend. Total profits: 30 pips. One open trade at 104.86.

Trading Rules

Buy Rules:

  • Price has to trade above the SuperTrend indicator (green line)
  • Stochastic touches the 20 level (or go below 20)
  • Stochastic blue line crosses the red dotted line from below

This is your buy entry signal. Place stop-loss 1 pips below the rising SuperTrend line.
Profit target: 10 pips.

Sell Rules:

  • Price has to trade below the SuperTrend indicator (red line)
  • Stochastic touches the 80 level (or go above 80)
  • Stochastic blue line crosses the red dotted line from above

This is your sell entry signal. Place stop-loss 1 pips below the declining SuperTrend line.
Profit target: 10 pips.

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5 Min Forex Scalping Strategy With Stochastic And Supertrend Indicator, 6.8 out of 10 based on 30 ratings

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