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Strategy for EURO/USD 5M CHART
Pair:
EUR/USD
Indicators:
MACD (12,26,1)
Stochastic (5,3,3)
EMA 5 to the close
EMA 5 to the open
Buy Signal:
When the stochastic crosses up from the 20 line and is not overbought
The MACD closses higher than the previous time interval
The signal candle closes higher bullish
The 5 EMA to the close has crossed the 5 EMA to the open
Stop loss is 20 pips
Close when the 5 EMA to the close has crossed the 5 EMA to the open
Sell Signal
When the stochastic crosses down from the 80 line and is not oversold
The MACD closses lower than the previous time interval
The signal candle closes lower bearish
The 5 EMA to the close has crossed the 5 EMA to the open
Stop loss is 20 pips
Close when the 5 EMA to the close has crossed the 5 EMA to the open
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