Before I explain what you are going to do, I can tell you that you can use this strategy on any pair you want. This strategy is very simple. We are going to act fast and gather pips. You will see that most entries will give you 10+ to 30+ pips. I will show you a couple of screen shots to explain how simple this method is.
First, open GBP/USD chart, apply the template provided with this document and set time frame to 5mins. The indicator that you see on the screen shows us whether the CCI is over or under the zero line on 4 different time frames. When all those 4 lines are the same color, we enter the trade. In other words, we buy when all 4 are blue, we sell when all 4 are red. Have a look at the chart below to see what I am talking about.
Now let me show you where to buy and sell on the same chart.
We get a buy signal when the indicator shows blue color for that bar. We get a sell signal when the indicator shows red color for that bar.
For buy signals, stop loss is 5 pips below previous candle and for sell signals, stop loss is 5 pips above previous candle
Download Scalp to Freedom 10-20 pips a Trade Forex Strategy indicators and template
First, open GBP/USD chart, apply the template provided with this document and set time frame to 5mins. The indicator that you see on the screen shows us whether the CCI is over or under the zero line on 4 different time frames. When all those 4 lines are the same color, we enter the trade. In other words, we buy when all 4 are blue, we sell when all 4 are red. Have a look at the chart below to see what I am talking about.
Now let me show you where to buy and sell on the same chart.
We get a buy signal when the indicator shows blue color for that bar. We get a sell signal when the indicator shows red color for that bar.
For buy signals, stop loss is 5 pips below previous candle and for sell signals, stop loss is 5 pips above previous candle
Download Scalp to Freedom 10-20 pips a Trade Forex Strategy indicators and template
1 comments:
Saar Pilosof
This strategy seem to be good. Traders need to me very conscious about colour when it become blue (4 in line) for purchase and Red (4 in line) sell. Thanks for sharing this strategy.
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