5 Minute Forex Scalping Strategy With Parabolic SAR And MACD Candles

5 Minute Forex Scalping Strategy With Parabolic SAR And MACD Candle Indicator:

This is a system of RKay author.

How to trade with 5 Minute Forex Scalping Strategy With Parabolic SAR And MACD Candle Indicator?

Best Time Frame : 5 minute.

Trading Sessions: Euro and US.

Markets: Forex.

Currency Pairs: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY.

Metatrader indicators: 125EMA, MACD Candles V3 Indicator, Parabolic SAR (0.02 step).

Entry Position for 5 Minute Forex Scalping Strategy With Parabolic SAR And MACD Candle Indicator:

– Long (Buy) Entry: + Price must be travelling above the 125 EMA
+ The MACD candle must be green. Download MACD Candles v3.
+ the Parabolic SAR dot must form below the price.
+ Place your stop loss 1 pip below the parabolic SAR dot.
+ Take profit: 20 pips or risk:reward of 1:2

– Short (Sell) Entry: + Price must be travelling below the 125 EMA.
+ The MACD candle must be red
+ the Parabolic SAR dot must form above the price
+ Place your stop loss 1 pip above the parabolic SAR dot.
+ Take profit: 20 pips or risk:reward of 1:2