5min "The Force basic setup" Trading System

Name: The Force

Pair: Eur/Usd

Time: 5min

Sessions: Any, but I only trade during the assian and euro session.

Trading 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.

Share your opinion, can help everyone to understand the forex strategy

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For trade I recommend to choose Broker with MT4 >>