Strategy 1: 5-Minute Scalping

Traders who intend to earn quickly a few pips of profit, often use the strategy of 5-minute scalping, based on a system with a double filter. It provides accurate signals for entering the market.

This strategy is suitable even for beginner traders, as it is based on just two basic rules for opening a deal. However, even this simple strategy is also better to master and test it on a demo account before starting trading.

The strategy is based on an arrow indicator determining the entry point during price reversal.

The main parameters:

1. 5-minute timeframe M5;

2. Currency pairs: with low spread; 

3. Best time to trade: London and American (New York) sessions;

4. Risk management: the lot volume should not exceed 2-5% of the deposit for one trade.

To trade, you need indicators:

1. 5 min indicators;

2. 5 min arrow;

3. Protofilter indicator (10 period);

4. Pivot points levels.

Signals Buy (to buy):

1. There is an up arrow;

2. At least two points and a bar of blue basement indicators.

Sell signals (for sale):

1. Down arrow has appeared;

2. At least two points and a bar of red-colored basement indicators.

Setting up take-profit and stop-loss:

Intense scalping trading will be less risky and more controlled if you apply protective Stop Loss and Take Profit orders to close positions.

1. Stop Loss is set above the previous local high or below the previous low;

2. Take Profit order is set near the nearest Pivot level;

3. At the occurrence of the opposite signal of a trading strategy, an arrow in the opposite direction, it is necessary to close the order.

Also, if you want to use all available trading tools to increase your capital as soon as possible - follow this link below, or contact us via live chat. Our experts will help you to choose the best strategy for success.