Scalping with Parabolic Sar and CCI Trading System

Parabolic Sar and CCI indicator is a forex scalping strategy
based on the parabolic sar indicator and Commodities Channel Index indicator. This is a trend- momentum forex strategy.

Pair :EUR/USD, AUD/USD, GBP/USD

Time Frame: 1 and 5 min

50
SMA for 1min TF;

21SMA for 5 min TF;

CCI (45);

Parabolic SAR (0.02, 0.2).

Long Entry Position:

When Parabolic dot >SMA and CCI
(45)>100.

Short Entry Position:

When Parabolic dot <SMA and CCI (45)<-100.

Exit Position:

Stop Loss on the SMA;

Trailing Stop;

Profit Target: EUR/USD (7-12 pips), AUD/USD (5-8 pips), GBP/USD (7-15
pips).

 

In the picture below an example of the Scalping with Parabolic Sar and CCI Forex System in action.

Scalping with parabolic sar And CCI
Scalping with parabolic sar And CCI

Share your opinion, can help everyone to understand the forex strategy.

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window