Parabolic Sar and CCI Forex Scalping Strategy

August 4, 2016

700

Parabolic Sar and CCI

This is a trend- momentum forex strategy. Pairs to be included in this system are EURUSD, AUDUSD, GBPUSD with a 1 minute and 5 minute timeframe. Indicators that were used are listed as follows:

50 SMA for 1min TF;
21SMA for 5 min TF;
CCI (45);
Parabolic SAR (0.02, 0.2).

For LONG entry:

Parabolic dot must be greater than SMA and CCI 45 must be greater than 100.

For SHORT entry:

Parabolic dot must be less than SMA and CCI 45 is less than -100.

Set stop loss on the SMA or trailing stop.

For EURUSD, take 7-12 pips, AUDUSD, 5-8 pips, GBPUSD 7-15 pips.

Recommended MT4 Brokers

XM Broker

Free $50 To Start Trading Instantly! (Withdraw-able Profit)
Deposit Bonus up to $5,000
Unlimited Loyalty Program
Award Winning Forex Broker
Additional Exclusive Bonuses Throughout The Year

>> Sign Up for XM Broker Account here <<

FBS Broker

Trade 100 Bonus: Free $100 to kickstart your trading journey!
100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.