KEY TAKEAWAYS
The five-minute momo strategy is designed to help forex traders play reversals and stay in the position as prices trend in a new direction.
The strategy relies on exponential moving averages and the MACD indicator.
As the trend is unfolding, stop-loss orders and trailing stops are used to protect profits.
As within any system based on technical indicators, the 5-Minute Momo isn't foolproof and results will vary depending on market conditions
The five-minute momo strategy is designed to help forex traders play reversals and stay in the position as prices trend in a new direction.
The strategy relies on exponential moving averages and the MACD indicator.
As the trend is unfolding, stop-loss orders and trailing stops are used to protect profits.
As within any system based on technical indicators, the 5-Minute Momo isn't foolproof and results will vary depending on market conditions