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