10 Pips A Day With CCI & MACD Forex Scalping Strategy
This is a strategy that works on a 5 minute timeframe and is applicable to EURUSD and GBPUSD pairs. MACD and CCI are the main basis of this strategy but there are also extra indicators for this system.
Forex Indicators:
- MACD 12, 26, 9
- CCI 14
- bollinger bands 20, 1 and 20, 2
- Daily pivots
Long Entry:
- CCI must cross +100, must enter the overbought zone.
- MACD MA is below the histogram.
- MACD histogram bar needs to have a higher value than the previous bar.
Note: All must happen on the same 5 minute candle, step 2 has to happen on the same candle or earlier.
Short Entry:
- Exactly the opposite of the long entry:
Set stop loss at 15 pips and take profit at 10 pips for AU, 7 for Eu and 8 for GU.
Recommended MT4 Broker
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
- Exclusive 50% Cash Rebates for all Trades!
Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐
Click here below to download: