Multi Period Stochastic - scalping strategy for M5

Multi Period Stochastic - scalping strategy based on 2 indicators: cm-Multi.Period.Stochastic and 11HLMA. This trading strategy is best used on the 5-minute timeframe and the major currency pairs in the European and Asian session.

Multi Period Stochastic Strategy Rules

Buy Entry Rules:

- The bullish candle closed above the 11HLMA indicator.
- The red line of the cm-Multi.Period.Stochastic indicator is above the black line and the indicator is out of the 20 zone. The indicator draws peculiar steps in the course of its work, but it should be evaluated only at the close of the candle! Sometimes you should use the chart refresh function if you think the indicator is not correct.

The rules for entering the sale:

- The bearish candle closed below the 11HLMA indicator.
- The red line of the cm-Multi.Period.Stochastic indicator is below the black line and the indicator is out of the 80 zone.

Exit Deal:

We exit when the TP reaches 15 pips or when the cm-Multi.Period.Stochastic indicator gives the opposite signal.

Stop-loss is set at the nearest maximum or minimum + spread.

Judging from the testing, Multi Period Stochastic strategy gives very good trading results, so it is worthy of attention and testing.

Download templates and indicators