Forex Prime Movement Scalping Strategy
Forex Prime Movement Scalping Strategy:
This is a momentum forex system based on the indicators.
Time Frame 1-5 min
Currency Pairs: majors
Long Trade
CCI 170 Over the 0 Line showing uptrend MUST BE THE FIRST TO CROSS
CCI 34 Over 0 line as well showing uptrend MUST BE SECOND TO CROSS IN SAME DIRECTION
RSI over 55 <—— VERY IMPORTANT dont enter if its in between the 45-55 zone (45-55) IS DANGER DO NOT ENTER ZONE once it crosses in the same direction take the trade.
Short Trade
CCI 170 under 0 line showing down trend MUST CROSS FIRST
CCI 34 under 0 line showing down trend MUST CROSS SECOND
RSI under 45 same as above dont trade when in the 45-55 zone.
Example Trades
TRADE A (Short)
On trade A we see both the cci’s are under 0 we also see that the Heiken Ashi changes color and we see that that line now becomes resistance also RSI is under the 45 we take the trade and exit when Heiken Ashi turns blue or CCI 34 is showing weakness and crosses back under the 0 line.
Trade B (Long)
Again another wonderful trade as we see its hitting the resistance line and is ready to go up. You see both CCIs are over 0 and rsi is over 55. We exit when ccigoes back under 0.
*** On the above chart there is one more signal that could of been traded after reading the rules try fo find it!!!*** would of given you another 15-20 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 Prime Movement Scalping Strategy?
- Download Forex Prime Movement 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 Prime Movement 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”.
