The Force 5 Minutes System

The force 5 minutes forex system produced good profits if traded correctly. By good profits it could make pips everyday even if its only a few. Tested on the Eur/Usd pair, on 5 minutes time frame. recommended trade in asian or europe session.


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 2%, 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.




By Forexjedi from forexfactory.com