Trading strategy for scalping JMO Jaima 5 min Scalping Is a system based on the use of signals from Jma indicators, which are filtered by the momentum indicator. The strategy assumes conservative and aggressive ways of opening positions.
Despite the fact that the JMO Jaima 5 min Scalping strategy is designed for scalping, it shows good results on all timeframes, provided that all market entry rules are followed.
- Currency pairs: any with a low spread
- Timeframe: M5 and higher
- Trading time: any
- Risk management: choose such a lot size that the risk is no more than 2-5% of the deposit per trade
- JMO Jaima (period fast 20, period slow 200, off set -1 JMA fast)
- Pivots points levels
- Volume bar
- William’s% Range (80) with Moving average (34)
- Scalping indicator
Installing indicators and system template
- Unpack the archive with templates and indicators
- Copy the indicators to the MQL4 folder -> indicators
- Copy the templates to the templates folder
- Restart the terminal
- Opening the chart of the required currency pair
- Install a template named JMO Jaima 5 min Scalping
The graph should look like this:
Signals indicating the opening of a buy position
- fast JMO Jaima crossed the slow JMO Jaima from the bottom up;
- the William’s% Range line crossed the MA (34) from the bottom up;
- conservative way: bars of both oscillators are green;
- aggressive method: the bar of the oscillator Scalping indicator is green.
Signals indicating the opening of a sell position
- fast JMO Jaima crossed the slow JMO Jaima from top to bottom;
- the William’s% Range line crossed the MA (34) from top to bottom;
- conservative way: bars of both oscillators are red;
- aggressive way: the bar of the oscillator Scalping indicator is red.
Setting stop loss and take profit
- stop loss is set above / below the previous local high / low;
- take profit is set at a ratio of 1.3: 1 to stop loss or at one of the pivot levels.
Before use trading strategy for scalping JMO Jaima 5 min Scalping on a real deposit, we recommend testing it on a demo account.
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