The Most Successful 5 Minute Scalping Strategy for Forex Trading

The following is a 5-minute scalping foreign exchange trading strategy for the EURUSD, GBPUSD, USDJPY and EURJPY currency pairs. Scalping is a special type of trading strategy that helps traders make significant profits from small price changes.

Under this strategy, a trader needs to make at least 10 trades in a day to take advantage of small price changes. Strict strategies must be implemented to minimize potential losses. The hold time for this strategy is 5 minutes. This method requires precise execution and fast trading.

Indications for use

The indicators used in this trading strategy are the 10 and 21 EMA and 50 SMA.

Next, you need to open the ADX pointer in another window set to 13.

At least 3 criteria must be met in this trade.

EURUSD 5 min - The chart shows two growth signals along with the wheel. Circle 1 represents the first buy signal and Circle 2 represents the second buy signal. The minor support trend line is indicated by the dotted black line. Price action reversed direction in the war zone and remains higher.

Trading criteria that must be met with this trading strategy

1. The first criterion is that the 50 SMA angle must be greater than 20 degrees. Measurements do not have to be completely accurate and sufficient for subjective evaluation.
2. The second criterion is that the price must drop from 10EMA to 21EMA. The area between 10EMA and 21EMA is a fire or war zone.
3. The third and final criterion of this trade is that the price should be on the right side of the minor resistance or support line. Before you cross the 50SMA, you need to draw a line from the last high or low to the next high or low. This will create a small resistance or support line.

Trading rules

The price and candles should all be on the right side of the small trend line. Otherwise, potential trades will be cancelled.

Pulling the candle into the war zone should be smooth and even.

After determining the first candle to enter the war zone, wait for the second candle to retreat from 21MA to 10MA and then trade again.

EURUSD 5 minutes - The chart shows two downside signals with the wheel on. Circle 1 represents the first sell signal, and Circle 2 represents the second sell signal. The trend line of minor resistance is indicated by the dotted black line. Price action continues to spiral in the opposite direction in the war zone.

Trade

Place a market order and place your stoploss at 6 pips or more to enter the war zone. Don't take advantage of prominent losses. Profit margin should be between 10-15 pips. Only trade in well adapted areas. Get a small candle and watch it pull flat.