Timeframe M5: making money on oscillators
- VFX Blog
Scalping strategies on the minute timeframe remain popular. But, you can quickly get both profit and loss. Let's increase profit using M5 timeframe (5 minutes) and auto binary signals software from vfxAlert service.
Binary strategy characteristics:
Trading asset: Any currency pairs. The main requirement is a fixed (2-3 points) spread and no hidden fees.
Trading time: All Forex trading sessions.
Recommended expiration: 5-10 min.
The strategy uses a classic combination of two overbought/oversold Stochastic oscillators with different periods. The Stochastic oscillator will assess the current balance between buyers and sellers: the predictor above level 80 − the end of the uptrend (overbought), below 20 − the end of the downward (oversold):
- «Slow» Stochastic with period 14. Determines the medium-term trend for the working timeframe. It will be the first signal of the beginning of a reversal or continuation of the price movement.
- «Fast» Stochastic with period 9. Confirms the momentum in the direction of the trend for the next 3 or 5 candles. You can open an option after confirming binary options signals from the vfxAlert service.
After installing the binary indicator on charts, we look at the examples of signals: