scalping-with-cci-and-slope

CCI and Slope Indicator Forex Scalping Strategy

Forex Strategy

CCI and Slope Indicator Forex Scalping Strategy

Simple effective forex scalping strategy based on the CCI (Commodity Channel Index) indicator and the Slope trend trading indicator.

Chart Setup

Indicators: Slope Direction Line, CCI (35 period)
Preferred time frame(s): 1 minute
Trading sessions: London, US
Preferred Currency pairs: GBP/USD, EUR/USD, USD/JPY, GBP/JPY, AUD/USD, USD/CAD, EUR/JPY

Download

Download the Forex Scalping Strategy With CCI and Slope Indicator.

Example: GBP/USD 1 Minute Chart

scalping-with-cci-and-slope

Here is an example of this fx strategy applied to the 1 minute GBPUSD chart and corresponding trades. It took the short trade 19 min to hit the 20 pips target.

Trading Rules

Buy Rules:

  • Slope Direction Line blue
  • Price above the Slope Direction Line (bullish price action)
  • CCI(35) > +100 (bullish momentum)

Go long. Place stop-loss 2 pips below the rising slope line.
Price objective: 10-20 pips

Sell Rules:

  • Slope Direction Line red
  • Price below the Slope Direction Line (bearish price action)
  • CCI(35) > -100 (bearish momentum)

Short the currency pair. Place stop-loss 2 pips above the declining slope line.
Price objective: 10-20 pips

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