10 Pips A Day With CCI & MACD Forex Scalping Strategy

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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.

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