5-Minute Strategy:

Hello Friends,

I try to describe my 5-min strategy with Elite60X indicator in MT4 rules in below:

SETUP:
Bollinger Bands: Period: 14 / Deviation: 2

RSI: 14 70 30

EMA: 100

Candlestick (CS) Timeframe: 5 min

Expiration Time: 5 min.

Recommended Time:
From 9 GMT to 19 GMT. Avoid trading before 30 min of High Volatile news. After 10 min of High Volatile
news you can execute trade.

Description:
When a Candlestick (CS) cross Upper line or Bottom line of BB and RSI also overbought or oversold. Then
next task is to identify that if the 4 corner of Candlesticks Body or 3 corner of Candlesticks Body or 60-
70% Candlesticks Body of that Candlestick is outside of BB.. Then open a position on opposite
direction just 3-5 sec before of closure of that CS. If you lost 1st trade then again open a position with
Martingale Strategy on same direction for next 5 min expiry just like 3-5 sec before of closure of that CS
and so on. You can apply Martingale betting plan maximum 4 times.

In my case, last 1 month I need to face maximum 2-3 times to apply 4 times martingale strategy to win
the trade.

If you want then you can use this rules without following Metatrader. But I strongly recommend to use
Metatrader which minimize your risk and you can avoid easily a long uptrend/downtrend movement.

Meta-trader Rules:
Before following Metatrader, Of course you need to satisfy all above condition. Then you keep your eyes
on Metatrader. Rules is simple and same like Mr. Rogers Elite60X indicator on 5-min Timeframe instead
of 1-min timeframe because in our brokers we used 5 min timeframe and 5 min expiration for this
strategy.

After fulfill above condition then if you find that Candlestick may closure inside RED AREA or beyond
the RED AREA then it will be better option to open a position for next 5 min expiration on opposite
direction and do trade as described in above.
AVOID TRADE:
1. When a Candlestick (CS) cross EMA 100 then if you find a strong Support/Resistance then you
can execute a position, OTHERWISE AVOID THAT.
2. When a CS touches Fibonacci line (Upper (1 or 100) OR Bottom (0)) on Metatrader then strongly
recommend to AVOID TRADE.
3. Never execute a position if you see that all condition are satisfied BUT to close that CS it will
remain 1-2 min. Kindly wait for closing the CS. Then if you find all condition are satisfied then
open a position before 3-5 sec to close that CS. Because sometimes it breaks your rules and you
may need more trades to win.
4. Never open a position which Candlesticks spike cross the BB BUT his body is inside the BB circle.
In total if a CS dont cross the BB as above condition. Then please dont execute trade.

Suggestion:
1. Many times you should get better opportunity to place a trade but if all the condition will not
satisfy then please dont take a risk. OTHERWISE you fall in trap.
2. Many times, you feel that ..isshalthough all condition didnt satisfy but if I executed that trade I
could win the trade. Dont feel unsatisfied inside your mind. Every time remember my friends
OF COURSE THERE WILL BE ANOTHER CHANCE.
3. Dont make overtrade. Which will make you Emotional. Make a certain GOAL and tried to reach
it on every day.
4. For low balance and safe Trader. If you want you can use maximum 3 times martingale and if
you lost then try to recover it. Except all traders can use this strategy without hesitation and I
hope you will never face more than 5 times Martingale betting plan. Still I didnt face it.
5. Always remember PATIENCE IS SWEET.
SCREENSHOT:
For PUT Option:

For this trade Metatrader looks like in below:

For CALL Option:

For this trade Metatrader looks like in below:

Wish all of you for Happy Trading and Best of luck for your future.

Best Regards

S M Mamunur Rashid