Pair: Eur/Usd
Time: 5min
Indicators
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 ;
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;
c) The Signal candle/bar closes lower bearish;
Stop Loss is the high of the previous candle or 20 pips but 20 pip min.
Close is based on price action.
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