This is a 5 Minute Forex Scalping Strategy With Parabolic SAR And MACD Candle Indicator.

You can also use this forex system on larger timeframes as well for swing trading or position trading-just remember to adjust profit targets if you switch to larger timeframes.

Forex Indicators Required

You need 3 indicators for this scalping system:

• 125 EMA
• MACD Candles V3 Indicator
• Parabolic SAR (0.02 step)

Now, let this chart below explain a little bit about the MACD Candles V3 Indicator and how it can be used to trade:

Currency Pairs and Trading Sessions

You can use the scalping system on these pairs: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY

For Trading sessions: Euro and US

Buying Rules

1. Price must be travelling above the 125 EMA
2. The MACD candle must be green. Download MACD Candles v3
3. the Parabolic SAR dot must form below the price
4. Place your stop loss 1 pip below the parabolic SAR dot
5. Take profit: 20  pips or risk:reward of 1:2

See chart below for clarity about this:

Selling Rules

The selling rules for this 5 Minute Forex Scalping Strategy With Parabolic SAR And MACD Candle Indicator is the exact opposite of the buying rules, here they are:

1. Price must be travelling below the 125 EMA
2. The MACD candle must be red
3. the Parabolic SAR dot must form above the price
4. Place your stop loss 1 pip above the parabolic SAR dot
5. Take profit: 20  pips or risk:reward of 1:2

See chart below for clarity:

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