20 proven Forex Trading Strategies #1 and #2

5 Min Trading System # 1


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



5 Min Trading system # 2

Pairs:

EUR/USD

Indicators:
10 EMA
21 EMA
50 EMA

System Rules:
Wait for a trend to shown on the 5 min chart, higher highs in an up trend and lower
low in a down trend, look at the 50 EMA for trend strength and direction.
Make sure you are not in the Asian session or at the end of the London or US
session.

Check there is no major upcoming news about to come out before you place a
trade.

Once price enters into the ZONE, wait for the pullback and open a trade, sell for
down trend and buy for up trend.

Set stop loss at 5 pips + spread
Set take profit at 10 pips
ZONE is the area between 10 EMA and 21 EMA. The 50 EMA is our gauge for the
strength of the trend, in a good strong trend it should be pointing up or down at about 30
degrees from horizontal.


From the book: 20 Proven Forex Strategies - Thomas Carter.