Forex 5 Minutes Scalping MACD Indicator
This scalping strategy works with the 5-minute time frame. It’s quite simple to understand and is composed of the Parabolic SAR and MACD.
Indicators: MACD and Parabolic SAR
Preferred time frame(s): 5 min chart
Trading sessions: Euro and US Sessions
Preferred Currency pairs: Medium to high volatility pairs (EUR/USD, GBP/USD, USD/JPY, GBP/JPY, EUR/JPY)
Trading Buying Rules
- Price must be above 125 EMA
- Parabolic SAR dot must form below the price
- MACD must be Green
Trading Selling Rules
- Price must be Below 125 EMA
- Parabolic SAR dot must form Above the price
- MACD must be Red
How to install a custom indicator to your MetaTrader 4 platform
1. Locate and copy the MT4 custom indicator file on your computer. These are the MT4 indicator files that you would have downloaded.
2. Open the data folder.
3. Open MQL4 file.
4. Open the indicators folder.
5. Paste the files.
6. Restart MetaTrader 4.
All is Done!