Wick Forex Scalping Strategy

This is a strategy that uses 2 timeframes. The 1 hour and the 5 minute. We will look at both of this timeframe and look for entries on this 2. This is applicable to EURUSD and GBPUSD pairs. There are only 2 indicators used in this system. Max spread os 0.00013.

Forex Indicators:

• Wick o Gram level 5; -5
• CCI 150; -150

Long Entry:

• The wick indicator must be below -5.
• CCI 14 is in oversold area -150.
• Enter at the opening of the next bar.

Short Entry:

• The wick must be below 5.
• CCI 14 is in overbought area 150.
• Enter at the opening of the next bar.

Exit Position:

• Place stop loss at 8-10 pips and take profit at 5 pips.

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