{"id":1871,"date":"2022-03-30T06:50:03","date_gmt":"2022-03-30T06:50:03","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=1871"},"modified":"2022-03-30T06:50:03","modified_gmt":"2022-03-30T06:50:03","slug":"5-minute-intraday-trading-strategy","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/03\/30\/5-minute-intraday-trading-strategy\/","title":{"rendered":"5 Minute Intraday Trading Strategy"},"content":{"rendered":"\n

1. THE CHART SETUP:<\/em><\/p>\n\n\n\n

1.1 Charts & pairs:<\/p>\n\n\n\n

1.1.1 5 min candle chart<\/p>\n\n\n\n

1.1.2 The following 4 pairs:<\/p>\n\n\n\n

\u00b7 EUR$<\/p>\n\n\n\n

\u00b7 GBP$<\/p>\n\n\n\n

\u00b7 JPY$<\/p>\n\n\n\n

\u00b7 EURJPY<\/p>\n\n\n\n

1.2 Indicators on chart itself:<\/p>\n\n\n\n

1.2.1\u00a0EMA\u00a0= 10 & 21<\/p>\n\n\n\n

1.2.2\u00a0SMA\u00a0= 50<\/p>\n\n\n\n

1.3 SMAangle window:<\/p>\n\n\n\n

1.3.1 SMAangle indicato<\/strong>r<\/em><\/strong><\/p>\n\n\n\n

1.3.2 21 EMA based on first indicator data overlaying this indicator (see Attachment A)<\/em><\/p>\n\n\n\n

1.3.3 Put the following horizontal lines on the SMAangle indicator<\/strong>:<\/p>\n\n\n\n

\u00b7 0.1, & -0.1, on the EURU$, GBPU$ & U$JPY pairs<\/p>\n\n\n\n

\u00b7 0.15 & -0.15 on the EURJPY pair<\/p>\n\n\n\n

\u00b7 0.4 & -0.4 on all 4 pairs<\/p>\n\n\n\n

1.4 ADX window:<\/p>\n\n\n\n

1.4.1 Open a ADX indicator in separate window set @ 13<\/p>\n\n\n\n

1.4.2 Overlay it with an lsma 3 indicator from HelloDollie safe pips thread<\/p>\n\n\n\n

2. THE TRADE CRITERIA:<\/em><\/p>\n\n\n\n

Criterion 1: 50SMA angle to be more that 20 degree<\/strong><\/p>\n\n\n\n

2.1.1 It is a subjective measurement and it is not an accurate measurement.<\/p>\n\n\n\n

2.1.2 It was used in the beginning of the thread) and we changed late to the 21MA on the<\/p>\n\n\n\n

SMAangle indicator as a guide (as explained in Criterion 2).<\/p>\n\n\n\n

2.1.3 But it is still very applicable for this system because the angle of the 50MA is the<\/p>\n\n\n\n

main principle behind the system<\/p>\n\n\n\n

Criterion 2: 21EMA on SMAangle indicator to cross the 0.1 or -0.1\/0.15 or -0.15 line<\/strong>.<\/p>\n\n\n\n

2.2.1 The area between the 0.1 and -0.1 lines is called the no-trade zone.<\/p>\n\n\n\n

2.2.2 No trades to be taken if 21MA is in the no-trade zone.<\/p>\n\n\n\n

Criterion 3: The price to pull back through 10EMA to 21EMA<\/strong><\/p>\n\n\n\n

2.3.1 The area between 10MA & 21MA is called the fire or war zone<\/p>\n\n\n\n

Criterion 4: The price should stay on the correct side of the small resistance\/support line<\/strong><\/p>\n\n\n\n

2.4.1 Draw (Appendix B) a small trend line from the:<\/p>\n\n\n\n

Last High or Low before the cross of the 51MA<\/p>\n\n\n\n

Next high\/s or low\/s to form a small resistance\/support line<\/p>\n\n\n\n

2.5 Optional \u2013 SMAangle bars to be higher or lower than 0.2 or -0.2 line (I don\u2019t use it any more<\/p>\n\n\n\n

\u2013\u00a0the small\u00a0resistance\/support\u00a0line is more accurate)<\/p>\n\n\n\n

\"5<\/figure>\n\n\n\n
\"5<\/a><\/figure>\n\n\n\n

 THE TRADE SET-UP:<\/em><\/p>\n\n\n\n

Rule 1: Small trend line<\/a> rule<\/strong>:<\/p>\n\n\n\n

3.1.1 Ensure that the price and candles stay on the correct side of the small trend line.<\/p>\n\n\n\n

3.1.2 Any break-out cancels the set-up\/possible trades<\/p>\n\n\n\n

Rule 2: Specific manner of pullback of candles towards war zone:<\/strong><\/p>\n\n\n\n

3.2.1 Smooth and flat pullback of candles \u2013 no steep pullback<\/p>\n\n\n\n

3.2.2 Smooth rounding of top\/bottom (wave-like pullbacks) \u2013 no sharp V shape change of direction<\/p>\n\n\n\n

3.2.3 Ascending of descending triangle being formed between resistance\/support level and small trend line drawn<\/p>\n\n\n\n

Rule 3: Pullback into war zone:<\/strong><\/p>\n\n\n\n

3.3.1 Identify the first candle to enter the war zone towards 21MA<\/p>\n\n\n\n

3.3.2 Wait for second\/more candle to pull back from 21MA towards 10MA<\/p>\n\n\n\n

3.3.3 Enter the trade on the pullback a few pips away from the 21MA<\/p>\n\n\n\n

Rule 4: Additional\u00a0ADX\u00a0rule (not yet fully tested):<\/strong><\/p>\n\n\n\n

3.4.1 For a long trade, the positive line (Blue) must be above the negative line (Red) with Isma line crossed the red line to go in between Blue and red line<\/p>\n\n\n\n

3.4.2 For a short trade, the negative line (Red) must be above the positive line (Blue) with Isma line crossed the blue line to go in between Blue and red line.<\/p>\n\n\n\n

3.4.3 The trend line must be above 25 level<\/p>\n\n\n\n

3.4.4 If the ratio between the positive and negative line is almost 2:1, expect the pullback only up to the 10MA and enter the trade.<\/p>\n\n\n\n

\"5<\/a><\/figure>\n\n\n\n

4. THE TRADE:<\/strong><\/p>\n\n\n\n

4.1 Use a market order to enter within the war zone as specify<\/p>\n\n\n\n

4.2 Put Stop Loss 6+spread pips away<\/p>\n\n\n\n

4.3 Move stop loss to breakeven after a clean 6 pips gain\/profit (brokerage\/spread included<\/p>\n\n\n\n

4.4 No\u00a0Trailing Stop\u00a0Loss<\/p>\n\n\n\n

4.5 Put\/activate profit limit on 10-15 pips<\/p>\n\n\n\n

4.6 There are plenty of chances to get in a trade:<\/p>\n\n\n\n

4.6.1 Don\u2019t try to trade every signal that might work<\/p>\n\n\n\n

4.6.2 Wait for the good setup to occur<\/p>\n\n\n\n

4.6.3 Wait for the High probability ones<\/strong><\/p>\n\n\n\n

4.6.4 Rather miss an opportunity than to get involve in a bad\/wrong set-up<\/p>\n\n\n\n

4.7 The Entry looks:<\/p>\n\n\n\n

4.7.1 Small candles<\/p>\n\n\n\n

4.7.2 Flat type of pull back<\/p>\n\n\n\n

4.7.3 Some sort of\u00a0Resistance (up trend) and Support (down trend)\u00a0to form a small<\/p>\n\n\n\n

acsending or decending triangle awaiting a breakout within the war zone<\/p>\n","protected":false},"excerpt":{"rendered":"

1. THE CHART SETUP: 1.1 Charts & pairs: 1.1.1 5 min candle chart 1.1.2 The following 4 pairs: \u00b7 EUR$ \u00b7 GBP$ \u00b7 JPY$ \u00b7 EURJPY 1.2 Indicators on chart itself: 1.2.1\u00a0EMA\u00a0= 10 & 21 1.2.2\u00a0SMA\u00a0= 50 1.3 SMAangle window: 1.3.1 SMAangle indicator 1.3.2 21 EMA based on first indicator data overlaying this indicator (see Attachment A) 1.3.3 Put the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/1871"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=1871"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/1871\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=1871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=1871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=1871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}