5 minute scalping Strategy For MT4

5 minute scalping Strategy For MT4

Table Of Contents:

  1. 5 minute scalping Strategy For MT4
  2. 5 minute scalping Strategy For MT4 – Long positions
  3. 5 minute scalping Strategy For MT4 – Short positions
  4. Is 5 minute scalping Strategy For MT4 profitable?


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The 5 minute scalping Strategy For MT4 is a forex system Is ideally suited for scalping the forex markets. This is a trading system that works strictly on the five minute chart timeframe. The reason behind this is because the choice of indicators used enable traders to take the maximum benefit of scalping the forex markets.

At the outset, the five minute scalping strategy makes use of the intraday pivot levels. These pivot levels serve the purpose of acting as potential entry and exit points for the trade. In total, the five minute scalping strategy has about four indicators. All these indicators are customized indicators.

On the main price chart, besides the intraday pivot level indicator, we also have the five minute indicator. This indicator is responsible for plotting the up and down arrows that you see on the price chart. Not much information is known as to how the up and down arrows are plotted. Therefore, traders should not trade these in isolation.



FREE 5 minute scalping Strategy

Download the FREE 5 minute scalping Strategy for MT4.

To receive my email 100% sure: 
Put my email on your whitelist!




complementing the five minute indicator which plots the up and down arrows on the price chart, we have two indicators in the sub window. The first indicator is called the five minute indicator and the second indicator is called the proto filter indicator. Both these indicators plot the momentum and the trend in the price by changing colors from blue to red and vice versa. 

Trades can only be confirmed when there is a confluence of all the three indicators. Therefore, when it comes to trading with the five minute scalping strategy, traders have to pay attention to the signals of all the three indicators. Failure to ignore one of the indicators would lead to possibly losing trades. Therefore, traders need to pay attention while trading with this strategy.

Let's now take a look at how you can trade long and short positions using 5-minute scalping strategy for MT4.




5 minute scalping Strategy For MT4 – Long positions




In order to take a long position using the 5-minute scalping strategy, you should be looking for price to be moving higher. To determine this, you can either make use of the price action itself. In this method, traders would be looking for price action to make higher highs and higher lows.


Alternately, traders can also make use of the indicators in the sub window. Both the histogram indicators should ideally be turning blue. This would give a solid confirmation that the market is moving to the upside. Prior to both the histogram indicators turning blue, you will also see that the upward pointing arrow on the price chart is already plotted.

Following this, you can take a long position at market. Identify the most recent swing low that has formed and set your stop loss to this level. Now, you can use the intraday pivot levels to target your take profit levels accordingly. We recommend that trader should split their positions so that the trades automatically closeout as and when they reach their respective take profit levels.

After the first position is reached, you should move your trade to break even so as to remove any risk from the table for the remainder of the trades.




5 minute scalping Strategy For MT4 – Short positions




In order to take a short position using the 5-minute scalping strategy, you should be looking for price to be moving lower. To determine this, you can either make use of the price action itself. In this method, traders would be looking for price action to make lower highs and lower lows.


Alternately, traders can also make use of the indicators in the sub window. Both the histogram indicators should ideally be turning red. This would give a solid confirmation that the market is moving to the downside. Prior to both the histogram indicators turning red, you will also see that the downward pointing arrow on the price chart is already plotted.

Following this, you can take a short position at market. Identify the most recent swing high that has formed and set your stop loss to this level. Now, you can use the intraday pivot levels to target your take profit levels accordingly. We recommend that trader should split their positions so that the trades automatically closeout as and when they reach their respective take profit levels.

After the first position is reached, you should move your trade to break even so as to remove any risk from the table for the remainder of the trades.




Is 5 minute scalping Strategy For MT4 profitable?


Overall, our opinion of the five minute scalping strategy is that this is a fairly reliable forex trading system. This trading strategy stands true to its name meaning that it allows traders to scalp the forex markets with profits consistently. In order to be successful in trading with the five minute scalping strategy, traders need to be quick in reacting to the market conditions as in when they change.

This can be a put off for some of the traders due to the fact that trading is only done on the five minute chart timeframe. Therefore, while on one hand traders can experiment in trading with higher chart timeframes by using the five minute scalping strategy, we cannot guarantee the same results. Traders also need to bear in mind that they need to constantly monitor the charts all the time. Therefore, the five minute scalping strategy seems more suited for a somewhat more full time trader.

The trading template that comes with the five minute scalping strategy is fairly lightweight. However, while on one hand you can use the template to monitor multiple instruments at the same time, we recommend not to do so. This is due to the fact that you are trading on the five minute chart time frame. Therefore, despite the fact that you have already set up your positions, traders need to constantly keep an eye out on their trades. As a result, if you have been to many trades open then switching between the charts can be quite a bit of a hassle and could lead to potentially losing trades.

Overall, we recommend the five minute scalping strategy both for beginners as well as professional traders due to the simplicity and the ease of using this trading strategy.

Download the complete system description and the files here:

FREE 5 minute scalping Strategy

Download the FREE 5 minute scalping Strategy for MT4.

To receive my email 100% sure: 
Put my email on your whitelist!

 

Partially Automated Trading Besides Your Day Job

Alerts In Real-Time When Divergences Occur

My Recommended MT4/MT5 Broker

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

The following performance was achieved by me while trading live in front of hundreds of my clients:

Connect With Me:  

Results From 5 Months!
This service starts soon! Be the first who get's notified when it begins!

This FREE Indicator Can Transform
Your Trading!

FREE Indicator + Telegram Group


Request the Ultimate Double Top/Bottom Indicator which is used by 10,000+ traders.