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.

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