Introduction

In
this article, we delve into a proven 5-minute scalping strategy
utilizing the 5MSM Vishnu indicator, designed to capture short-term
trends in volatile markets.

Understanding
the Strategy

Developed
by Patrick1994, the 5-minute scalping strategy with the 5MSM Vishnu
indicator is built upon the principles of trend following. The key
components of the strategy include the 5MSM Vishnu indicator, a
modified Donchian Channel filter, and specific entry and exit rules
tailored for quick trades.

Setup
and Indicators:Time Frame: 5 minutes

Suitable
Assets: Volatile currency pairs with low spreads, Nasdaq 100, Gold,
Stocks, BTCUSD.

Indicators:

5MSM
Vishnu indicator (default settings with EMA modified from 200 to 21)

Donchian
Channel filter (40 periods).

Trading
Rules:

Buy:

Trigger:
5MSM Vishnu buy arrow

Confirmation:
Donchian Channel in the green zone

Optional:
Buy signal in breakout zone with a buy arrow in the red zone

Sell:

Trigger:
5MSM Vishnu sell arrow

Confirmation:
Donchian Channel in the red zone

Optional:
Sell signal in breakout zone with a sell arrow in the green zone

Exit
Strategy:

Stop
Loss: Previous swing high/low

Profit
Target: Stop loss ratio from 1:1 to 1:1.2

Money
Management: Fixed at 1.5%.

Conclusion

The
5-minute scalping strategy with the 5MSM Vishnu indicator offers a
straightforward approach to capturing short-term trends in the
market. With a focus on simplicity and effectiveness, this strategy
is well-suited for both novice and experienced traders alike. By
adhering to the defined rules and employing proper risk management,
traders can aim for profitability rates exceeding 58%. However, it’s
important to remember that no strategy guarantees success, and
traders should always exercise caution and diligence in their trading
endeavors.

Download

https://drive.google.com/file/d/1xH0xMUfrfN7ITxC44E5IMNWYFZAP1bl-/view?usp=sharing