5 Minute Forex Scalping Strategy Using Stochastic & Supertrend Indicator

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5 Minute Forex Scalping Strategy Using Stochastic & Supertrend Indicator
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This is a 5 Minute Forex Scalping System With Stochastic And Supertrend Indicator that is also suitable for beginners.It is a very simple scalping system with only a few trading rules, not difficult at all.

Setting Up Your Trading Charts

Indicators you need:

Best timeframe: 5 minute charts

Trading Sessions: UK and US

Currency Pairs: EURUSD, GBPUSD, GBPJPY, EURJPY, AUDUSD, USDJPY, USDCHF

Buy Rules:

  1. price must be trading above the supertrend line.
  2. check to see if stochastic touches the 20 level or goes below it.
  3. if the above two conditions are met, initiate a buy order.
  4. place your stop loss 1 pip below the supertrend line.
  5. aim for 10 pips profit target.

Sell Rules:

  1. price must be trading below the supertrend line.
  2. check to see if stochastic touches the 80 level or goes above it.
  3. if the above two conditions are met, initiate a sell order.
  4. place your stop loss 1 pip above the supertrend line.
  5. aim for 10 pips profit target.

Ttrade example:

5 Minute Forex Scalping System With Stochastic And Supertrend Indicator

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