5min Breakout Trading System
- Time frame 5min.
- Pairs: EUR/USD, GBP/USD,AUD/USD
- 10EMA, 50EMA.
- Bollinger Bands (30,2)
- ParabolicSar(0.03, 0.2)
- RSI (14) (Buy level 60, Sell Level 40)
- MACD (12,26,9)
- When the price of the closed candle breaks upper band Bollinger Bands,10EMA>50EMA, RSI>60 and MACD >0.
- When the price of the closed candle breaks Lower band Bollinger Bands, 10EMA<50EMA , RSI<40 and MACD <0.
- When the Parabolic Sar change direction: for buy is bottom, for sell is top or Profit targetEUR/USD 7 pips, GBP/USD 9 pips (recommendend Profit Target).
see pictures below: 5 min Breakout in action,
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