PHA-PHA Forex Scalping Strategy for GBP/AUD (M5) is well suited for fans of active trading. This strategy is scalping and there are a lot of transactions on it, since trading is carried out on an interval of 5 minutes. Despite the rather effective and fairly frequent entry points, the trading system is quite simple. But it should be noted that a very large number of signals are generated during the Asian session.
Over the past 5 months, from July to November 2021, the strategy has shown a positive result in the region of +3500 points.
- Currency pair — GBP/AUD.
- Time interval — M5
- Fast TMI Line indicator with parameters 56; 0; 2.8; 100; 0.5.
- Senergy_APB_autoWidth indicator.
- MTF Stochastic v2.0 indicator with parameters 1; 22; 22; 22; 0; 0.
Conditions for buying according to the Pha-Pha forex strategy:
1) The price touches or goes out from under the red line and the next candle is closed above this line.
2) The MTF Stochastic v2.0 indicator has left its main line from under level 20, but has not yet reached level 80.
3) The main line of the MTF Stochastic v2.0 indicator is above the signal line.
4) The Senergy_APB_autoWidth indicator is green.
5) Stop loss is set for the last minimum — the size of the current spread.
6) Take profit in this strategy is not set at all.
7) The deal is closed at the market price when the top purple line is touched.
Conditions for selling according to the rules of the Pha-Pha strategy:
1) The price touches or falls below the purple line and the next candle closes below this line.
2) The MTF Stochastic v2.0 indicator with its main line fell below level 80, but has not yet reached level 20.
3) The main line of MTF Stochastic v2.0 is below the signal line.
4) The Senergy_APB_autoWidth indicator is colored pink.
5) Safety order — stop-loss is set for the last high price on the chart + 2 points + the size of the current spread.
6) Take profit for sales is also not set.
7) The deal is closed at the current market price when the top red line is touched.
Video version of the Pha-Pha forex strategy:
- Recommended to watch with English subtitles
- Download MT4 template — pha_pha_tpl (archived).
- Download indicators for MetaTrader 4 in archive — pha-pha-indicators.
- Forex strategy test «Pha-Pha»: +343284.66% for GBP/AUD for 3 months ➜