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Simple CCI Forex Scalping Strategy
This is a scalping strategy that focuses on the CCI indicator with the help of TCCI as trend indicator. This system works on a 15 minute timeframe and this is applicable to any major currency pairs.
Metatrader Indicators:
- CCI 14
- TCCi (trend indicator)
Long Entry:
- CCI indicator must cross above its oversold level.
- TCCI turns green.
- To exit position, CCI indicator must cross below its overbought level or CCI crosses below its oversold level.
Short Entry:
- CCI indicator must cross below its overbought level.
- TCCI turns red.
- To exit position, CCI indicator must cross above its oversold level or CCI must cross above its overbought level.
Profit Target 6 -12 pips
Stop loss 15-20 pips.
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