Forex CCI MACD Scalping Strategy
Forex CCI MACD Scalping Strategy;
Time Frame: 5min
Currency pairs: EUR/USD, GBP/USD
Forex Indicators: MACD (12,26,9)
CCI (14)
These are optional: 2 sets of bollinger bands, (20,1) and (20,2)
Daily pivots
Long entry:
This should all happen on the same M5 candle, EXCEPT for step 2 (which has to happen on the same candle or earlier)
Step 1 – CCI crosses +100 from BELOW (meaning CCI has to ENTER the overbought zone)
Step 2 – MACD moving average has to be below the histogram
Step 3 – MACD histogram bar needs to have a higher value than the previous bar (I use a custom MACD indicator to see this easier)
Reverse for short entry
Stop Loss12 -15pips.
Profit Target7-10 pips Aud/USD 7, EUR/USD 8, GBP/USD 10
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex CCI MACD Scalping Strategy?
- Download Forex CCI MACD Scalping Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex CCI MACD Scalping Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
