Suggested timelines M5 Trading Pairs: All instruments can use this approach.
Time periods: M5.
Indicators
Ashi Heiken.
ADX (14),
Stochastic (5, 3, 3).
When should I go into a long position?
Two consecutive bullish candles have formed on the chart, and the instrument's price is above the Heiken Ashi moving average. Meanwhile, the stochastic is rising and the ADX indicator is at the inside level above 22 points, indicating an upward trend.
Knowing when to go into a short position.
Two consecutive bearish candles have formed on the chart, and the instrument's price is below the Heiken Ashi moving average. At the same time, the stochastic is declining and the ADX indicator is below 22 points, indicating a bearish trend.
When to leave.
Profit: 10–15 pts. 5–10 points is the stop-loss. After the price has increased by 15 points, exit long positions. After the price drops 15 points, exit short positions.
Two consecutive bullish candles have formed on the chart, and the instrument's price is above the Heiken Ashi moving average. Meanwhile, the stochastic is rising and the ADX indicator is at the inside level above 22 points, indicating an upward trend.
Knowing when to go into a short position.
Two consecutive bearish candles have formed on the chart, and the instrument's price is below the Heiken Ashi moving average. At the same time, the stochastic is declining and the ADX indicator is below 22 points, indicating a bearish trend.
When to leave.
Profit: 10–15 pts. 5–10 points is the stop-loss. After the price has increased by 15 points, exit long positions. After the price drops 15 points, exit short positions.
