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Color CCI With JJN Been Forex Scalping Strategy
This is a scalping strategy that is also applicable to binary options. It only has only few simple indicators. use this strategy in a 1 hour, 4 hour or daily timeframe. This works in any currency pairs, metals and commodities.
Forex Indicators:
- Color CC1 setting (14, -60, +60).
- JJN Been Candle
Long Entry:
- JJN Been must appear arrow green.
- Open buy position if color CCI and candle are green.
Short Entry:
- JJN Been arrow red must appear.
- Open buy position if color CCI and candle are red.
If CCI is yellow, there will be no trade.
Target Profit depends by time frame (h1 or H4) and currency pairs. The profit target is very fast.
Profit Target H1 Time Frame:
15-20 pips.
Profit Target H1 Time Frame:
15-20 pips.
Profit Target H4 Time Frame:
20-30 pips.
Profit Target daily Time Freme:
40-60 pips.
Stop loss:
- Set SL at 10 pips above the high of the previous bar if you are in short position.
- Set SL at 10 pips below the low of the previous bar if you are in long position.
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