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Forex Trading: Easy Scalping at M5 on Any Chart

Indicators :
(1) Moving Average (MA): period 14
(2) Stochastic Oscillator: Kperiod 14, Slowing 7, Dperiod 3, level 25,50,75
(3) Commodity Channel Index (CCI): period 14, level +100,0,-100
TimeFrame: M5 or higher (scalping is recommended at M5)
StopLoss: 10-15 pips (is a MUST in case of sudden trend reversal)
TakeProfit: 10pips but recommended using exit indicator as below for maximum profit.
Instruction
Long :
ENTER – Price over MA(14) line + Stoch heading upward + CCI(14) crossed level 0 in upward direction
EXIT – Stoc crossed between level 75 and 100 and heading downward OR/AND CCI exit +100 region OR reversal of 3 bars
Short :
ENTER – Price below MA(14) line + Stoch heading downward + CCI(14) crossed level 0 in downward direction
EXIT – Stoc crossed between level 25 and 0 and heading upwrd OR/AND CCI exit -100 region OR reversal of 3 bars
WARNING: STOPLOSS 10-15 PIPS!!!!!

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