thank you very much for your great explanation brother.What if we use this same strategy in 5M timeframe with 5M expiry ??
Hmm... You can use it as per your choice and which ever way it suits you according to your trading style. But before giving it a try on a real account always use the strategy in a demo account for at least minimum 3 weeks.
Besides from this if you want to try it on 5M timeframe or 5M Chart, then according to mine knowledge, the expiry must be 30 minutes.