Reversal Momentum Forex Scalping Strategy

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Reversal Momentum Forex Scalping Strategy

This is a scalping system that is based on a reversal momentum. It uses 2 indicators in the same window and it is the CCI and RSI indicators. This works on a 15-minute and 30-minute timeframe and is applicable to any currency pairs.

Forex Indicators

  • CCI 14 period with Rsi 14 Period( cci level 100, 150, 200, -100,-150,-200)
  • overbought area CCI >= 150 level;
  • oversold area CC <= -150 level;
  • Bands (20.2);
  • Pivot point levels.

Long Entry:

  • CCI must be in the oversold area. CCI <= -150.
  • Enter long trade when it crosses upward RSI 14.

Sell Entry:

  • CCI must be in the overbought area. CCI >= 150.
  • Enter Short trade when it crosses upward RSI 14.

Exit position:

  • Quick take profit at 8-15 pips, but it also depends on the currency and timeframe.
  • Exit at the next band of the BB.
  • At the pivot points level.
  • Set initial stop loss at 15 -20 pips after 8 pips in gain move stop loss at entry level.

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