Forex Trading: Easy Scalping at M5 on Any Chart

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Very Simple and High Accuracy 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 Do several back test before applying this technique. Good Luck! WARNING: STOPLOSS 10-15 PIPS!!!!!