Top Ad unit 728 × 90

1 min scalping system with three CCI

1 min scalping system with three CCI is a strategy based on Commodity Channel Index, momentum indicator.
Time Frame 1 min.
Currency pairs with low spread as EUR/USD, GBP/USD, USD/JPY.
Time for trading: London and New York session.
Forex Indicator:
CCI 50 period, close, short trend momentum,
CCI 100 period, close, medium trend momentum,
CCI 170 period, close, long trend momentum,
Bollinger Bands ( 25 period, deviation 2.0).
Trading rules 1 min scalping system with three CCI
Buy
Price bounce or breaks the lower band (optional).
CCI 50 >0
CCI 100 > 0
CCI 170>0
Place initial stop loss 5 pips below the entry bar.
Profit Target 8 - 15 pips. After 8 pips in gain move stop loss at the breakeven.
Sell
Price bounce or breaks the upper band (optional).
CCI 50 <0
CCI 100 < 0
CCI 170<0
Place initial stop loss 5 pips above the entry bar.
Profit Target 8 - 15 pips. After 8 pips in gain move stop loss at the breakeven.
The combination of three CCI slows to analyze the trend at 1 min Chart is balanced and good results are obtained.
In later stages this strategy can generate false signals, but in medium-trend phases it strikes.
1 min scalping system with three CCI is suitable for money management with martingala.
Decreasing the Target Profit at 5-7 pips increases profitability.
1 min scalping system with three CCI
Second and third example with the Bollinger Bands.
1 min scalping system with three CCI
  
1 min scalping system with three CCI

1 min scalping system with three CCI Reviewed by learn forex trading on June 20, 2017 Rating: 5

No comments:

All Rights Reserved by Learn Forex Trading © 2014 - 2019

Contact Form

Name

Email *

Message *

Powered by Blogger.