PUX CCI Forex Scalping Strategy
Pux CCI Scalping System is a trend momentum strategy based on the Pux CCI indicator. This is a strategy that works on a 1-minute or 5-minute timeframe. This is useful for major pairs with low spreads.
Metatrader 4 Indicators:
- Moving Average Smoothed 144 period;
- Moving Average linear Weighted 144 period closed HLCC/4;
- Moving Average linear Weighted 44 period closed HLCC/4;
- Moving Average linear Weighted 24 period closed HLCC/4.
- RSI Chart Bars (21-period );
- SonicR Chart Panel.
Buy Entry:
- PUX CCI shows green bar.
- RSI Chart bars is yellow.
- MA 24 is greater than MA 48.
- The price is above MA 144 linear Weighted.
Sell Entry:
- PUX CCI shows red bar.
- RSI Chart bars red.
- MA 24 is less than MA 48.
- The price is below MA 144 linear Weighted.
Exit position:
- Take profit when MA 24 crosses in opposite direction MA 48
- Quick take profit or exit on the pivot points levels.
- Place initial stop loss at 3 pips above or below MA 48.
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