5 Min Chart Strategy - 5 Minute Chart Strategies
5 Min Time Frame Strategy - 5 Min Simple System
An example of 5 Minute Simple System - that is a combination of:
- MA Cross over Strategy
- RSI Indicator
- MACD
5 Minute Example Strategy Rules are:
5 Minute Chart Strategy - 5 Minute Time Frame Strategy
Forex Rules: 5 Min Time Frame Strategy - 5 Min Simple System
Buy Signal is Generated when: - 5 Min Time-Frame Strategy
- Both Moving Averages moving up
- RSI value is above 50
- MACD above center line
Sell Signal is Generated when: - 5 Minute Time Frame Strategy - 5 Minute Indicators
- Both MAs moving down
- RSI value is below 50
- MACD below center line
5 Minute Time-Frame Strategy - 5 Min Time Frame Strategy
Exit Signal - 5 Min Chart Strategy
Exit signal gets generated when MAs, RSI and MACD give a signal in opposite trend direction.
The chart time frame to use is 5 Min chart time-frame.
For a beginner trader wanting to come up with a 5 Min Chart Strategy the above written rules will give a good example template of a 5 Min Chart Strategy that can be used to generate buy and sell signals - 5 Min Chart Strategies - 5 Min Example Strategy - 5 Minute Time Frame Strategy - 5 Min Timeframe Trading - 5 Minute Simple System.
Back Testing - 5 Min Chart Strategy - 5 Minute Chart
Generating Signals with this 5 Min system is the best technique that a beginner can attempt to determine the market trend & with a little backtesting on practice trading account so as to test this 5 Minute Strategy
The best way to back-test a strategy is by following these 2 steps:
- Forex Paper Trade your 5 Minute Simple System
- Demo Trade your 5 Minute Simple System
A good tool to use to backtest your 5 Min Simple System is known as the MT4 Step by Step Tool. Found in MetaTrader 4 charts tool bar of MetaTrader 4 platform, If you want to find the chart tool-bar on MetaTrader 4 it is at the top of MT4 software platform. If it's not: Click View (next to file, top left corner of MetaTrader 4)>>> Tool-Bar >>> Charts. Then click Customize button >>> Select Step by Step >>> Click Insert >>> Close.
MT4 5 Min Chart Tool Bars - How to Trade 5 Min Chart for Beginners
MT4 Step by Step Button for 5 Min Chart Strategy - 5 Minute Chart Strategy - 5 Minute Chart Strategies
Once you get this MetaTrader 4 tool you can move your 5 Min chart backwards, and use this MT4 forex step by step button to move the 5 Min chart step by step while at the same time testing when your 5 Min simple system would have generated either a buy or sell signals, and where you would have exited the trades, then write down the amount of profit or loss per trade transactions made using the 5 Min Chart Strategies & out of a sample number of trade transactions you would then calculate the overall profits and losses generated by the 5 Min Chart strategy.
If your 5 Minute strategy is profitable on paper method then, its time to demo trade & test if the 5 Minute Chart Strategy is profitable on the real market as it's on paper strategy. This is the process of backtesting the 5 Minute Chart Strategy.
Maintain a Journal to keep track of profitable trade transactions, & determine why these trade transactions were profitable. And also keep record of all losing trades, determine why these trades made a loss and the avoid making these same mistakes the next time you trade using your 5 Min Chart Strategies.
Tweak your fx system until you get a good risk: reward ratio, with signals that you generate. Aim for a good risk: reward of 3:1 and use fx equity management guidelines and read the tutorial about: Risk : Reward Ratio - 5 Min Chart Strategy - 5 Minute Example Strategy.
5 Minute Chart Strategy - 5 Minute Example Strategy
