My strategy based on two simple indicator the MACD(17,31,14) and
EMA(28) in the 5 minutes period trade at EURUSD pairs. The MACD used
here are two in which the first one for current and second one for
shift 1, and it's function is to see the change of 5 minutes trend.
When the current MACD above threshold ( 0 value ) while shift 1 MACD
below threshold then strategy will check if last closed candle above
EMA and if condition met it will check if there are opened position,
if not then it
will create long position as a sign of uptrend with take profit of 11
points and 250 points predefined stoploss and vice versa for the
short
position. blog
https://www.dukascopy.com/fxcomm/blog/?action=post-show&post_id=221354