Forex Parabolic Sar CCI Scalping Strategy
Forex Parabolic Sar CCI Scalping Strategy;
Parabolic Sar and CCI indicator is a forex scalping strategy based on the parabolic sar indicator and Commodities Channel Index indicator. This is a trend- momentum forex strategy.
Pair :EUR/USD, AUD/USD, GBP/USD
Time Frame: 1 and 5 min
Metatrader Indicators:
50 SMA for 1min TF;
21SMA for 5 min TF;
CCI (45);
Parabolic SAR (0.02, 0.2).
Long Entry Position:
When Parabolic dot >SMA and CCI (45)>100.
Short Entry Position:
When Parabolic dot <SMA and CCI (45)<-100.
Exit Position:
Stop Loss on the SMA;
Trailing Stop;
Profit Target: EUR/USD (7-12 pips), AUD/USD (5-8 pips), GBP/USD (7-15 pips).
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 Parabolic Sar CCI Scalping Strategy?
- Download Forex Parabolic Sar CCI 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 Parabolic Sar CCI 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”.
