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Trading With Double CCI Forex Scalping Strategy
This strategy is using 2 CCI with other indicators such as 4x sema and asctrend indicator for support. Since this is a scalping method, it would be useful if it is used in a lower timeframe such as 5 minutes.
Forex Indicators:
- 4X sema indicator,
- Asctrend indicator,
- CCI indicator periods 66,
- CCI indicator periods 133.
Long Entry:
- Sema signal shows green circle.
- A yellow arrow will appear on the ASCtrend signal indicator.
- CCI indicator periods (66) is greater than 100.
- CCI indicator periods (133) is greater than 0.
Short Entry:
- Sema signal shows red circle.
- A pink arrow will appear on the ASCtrend signal indicator.
- CCI indicator periods (66) is less than -100.
- CCI indicator periods (133) is less than 0.
Exit Position:
- At the opposite arrow of Asctrend Indicator.
- Take profit Ratio 1:3 Stop loss.
- Target profit is 20-25 pips but that depends on currency pairs.
- Initial stop loss on the previous swing.
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