TMT 5 min Scalping trading strategy for intraday trading
High Frequency Trend Trading Strategy TMT 5 min Scalping is based on the use of a set of trend indicators and is best suited for intraday trading.
Input parameters
- Currency pairs: basic
- Timeframe: M5
- Bidding time: London, New York
- Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- Daily Candle;
- Trend Arrows;
- Pivot points levels;
- De Mark Trend line Trader;
- Step MA default setting;
- Raush trend (period 17, overbought level 70, oversold level 30).
Setting up the price chart
- Unpack the archive.
- Copy the template into the templates folder.
- Copy the indicators to the folder MQL4 -> indicators.
- Restart the terminal.
- Open the chart of the desired currency pair.
- Install a template named TMT 5min scalpingtem.
The schedule should look like this:
Signals indicating the opening of a long position (buying)
- Текущая дневная свеча — зеленая.
- An up arrow appeared.
- The StepMa indicator (on the price chart) is green.
- A green bar appeared on the Raush trend indicator.
- Optional prerequisite: the price broke the sloping trend line from the bottom to the top.
- Stop Loss is set 3 points below the StepMa indicator.
Signals indicating the opening of a short position (sale)
- Текущая дневная свеча — красная.
- A down arrow appeared.
- The StepMa indicator (on the price chart) is red.
- A red bar appeared on the Raush trend indicator.
- Optional prerequisite: price broke the sloping trend line from top to bottom.
- Stop loss is placed 3 pips above the StepMa indicator.
Fixed take profit sizes
- EUR/USD: 10 pips
- AUD/USD, USD/CHF: 9 pips
- GPP/USD: 12 pips
The risk/return ratio ranges from 1:0.8 to 1:25.
Download TMT 5 min Scalping trading strategy template and indicators