You install the chart as per the below instructions:
  • Timeframe: M15, however, this strategy works for all timeframes, but since our strategy is a scalping strategy we should use the M15 framework.
  • Currency pair: Any currency pair.
  • Stochastic indicator: setting (5,3,5) in which the signal is overbought when the indicator is over 80 and oversold when it goes above 20.
  • B5VG indicator: setting (25,14,14,21). Overbought when the indicator is above +55 and oversold when it goes above -55.
After the installation, we have the interface as shown below:


Trading principles

See the picture below:


For a buy setup:
  • When the B5VG indicator crosses below -55 with a corresponding bearish candle. Then we wait for the stochastic to cut upwards. We can now open a long position.
  • Place the stop loss below the nearest low or place the stop loss about 5 pips below the low of the last 4 candles.
  • Take profit from 8-15 pips or stay at nearby support resistance.
For a sell setup:
  • When the B5VG indicator crosses above +55 with a corresponding bullish candle. Then we wait for the stochastic to cut down. We can now open a short position.
  • Place the stop loss above the nearest high or place the stop loss about 5 pips above the high point of the last 4 candles.
  • Take profit from 8-15 pips or stay at nearby support resistance.
Another example for the brothers of traders:


You can see the strategy is quite simple, right? Trading signals can be many if we trade on multiple currency pairs. So, please note that trading in accordance with principles and full capital management can trade well.