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.

Second and third example with the Bollinger Bands.