The scalping strategy with MACD and Detrended price oscillator (DPO) works well with the 5 min time frame and above.
We will be using the 5 min charts for our scalping setup.
Good luck with your trades.
Indicators: MACD (13,26,9), Detrended Price Oscillator (default settings)
Preferred time frame(s): 5 min
Trading sessions: EUR, US
Preferred Currency pairs: Medium to high volatile pairs (EUR/USD, GBP/USD ,USD/JPY, EUR/JPY, GBP/JPY,…)
How to open a buy scalp trade (USD/JPY chart)
- Both MACD and the Detrended price oscillator back above 0.00 from below.
Open BUY position. Set stop loss below the most recent swing low (or use 12 pips stop) with 18 pips price objective.
- Both MACD and the Detrended price oscillator back below 0.00 from above.
Open SELL position. Place stop loss above the most recent swing high (or use 12 pips stop) with 18 pips price objective.
USD/JPY 5 Min Chart Example (2 trades)