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.
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.
Strategy parameters
- Currency pairs: any with a low spread
- Timeframe: M5 and higher
- Trading time: any
- Platform: Metatrader 4
- Risk management: choose a lot size that the risk is no more than 2-5% of the deposit per trade
Indicators used
- JMO Jaima (period fast 20, period slow 200, offset -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;
- bars of both oscillators are 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;
- bars of both oscillators are 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 using the JMO Jaima 5 min Scalping strategy for trading on a real account, I recommend learning and testing it on a demo account.
In JMO-Jaima.zip file you will find:
- Jaimo-JMA.ex4
- PSS VOLUME BAR.ex4
- TRADE MASTER PRO.ex4
- Readme.txt
- JMO Jaima 5 min Scalping.tpl
Download JMO Jaima 5 min Scalping strategy files for free:
