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5-Minute Scalping Strategy Rules

The document outlines a scalping strategy for trading based on trend direction identified in a 4-hour timeframe, utilizing bullish or bearish engulfers for entry signals. It emphasizes the importance of waiting for structure breaks in a 5-minute timeframe before placing trades with a 1:3 risk-reward ratio. A risk disclaimer highlights the dangers of forex trading, advising caution and the need for personal research and professional advice.

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sexyvicvilakazi
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65 views2 pages

5-Minute Scalping Strategy Rules

The document outlines a scalping strategy for trading based on trend direction identified in a 4-hour timeframe, utilizing bullish or bearish engulfers for entry signals. It emphasizes the importance of waiting for structure breaks in a 5-minute timeframe before placing trades with a 1:3 risk-reward ratio. A risk disclaimer highlights the dangers of forex trading, advising caution and the need for personal research and professional advice.

Uploaded by

sexyvicvilakazi
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Scalping Strategy in

5min RULES:
1. Find the direction of the trend in 4H.
2. Once trend is established, find a bullish engulfer if it is
uptrend and bearish engulfer if it is downtrend.
3. The engulfer must cross the high and low of the
previous candle completely up and down and closed
beyond.
4. Once all these found, jump on to 5min and identify the
structure in 5minutes timeframe and wait for the
structure to be broken to the direction of main trend.
And then, place pending order to open a trade and use
1:3 risk reward.
ENJOY THE PROFIT 😊 LOVE FROM FOREX WIZARD

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Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk,
and is not suitable for all investors. Past performance is not indicative of future
results. The high degree of leverage is dangerous and can work against you as
well as for you. Before deciding to invest in foreign exchange or any market you
should carefully consider your investment goals, level of experience, and risk
tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot
afford to lose. No representation is being made that any account will or is likely to
achieve profits or losses. Past performance is not indicative of future results.
Individual results vary and no representation is made that clients will or are likely
to achieve profits or incur losses comparable to those that may be shown. You
acknowledge and agree that no promise or guarantee of success or profitability
has been made between you, and Forex Trading Wizard. Do your own research
and talk to a professional financial planner in order to be aware of all the risks
associated with foreign exchange trading and investing and seek advice from an
independent financial advisor before risking any capital.

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