Scalping strategy for CCI and RSI indicators

The essence of the work of this scalping trading strategy is based on the values of the two indicators included in the basic set of any MetaTrader 4 terminal — CCI indicator и RSI indicator. On the Internet, this strategy can sometimes be found under the name FX Prime.

Marketplace: Forex;
Currency pairGBPUSD;
Trading IndicatorsCCI with level "0" and RSI with levels "35" and "65";
Trading strategy: scalping;
TimeframeM1 and M5;
Protective orders: StopLoss, TrallingStop.

Preparing a price chart for a scalping strategy

We open the GBPUSD currency pair in two windows - M1 and M5.

2. Place on the M1 price chart three indicator (Two, to be exact, one of which we place twice):
— CCI indicator with a period of 34;
- CCI indicator with a period of 170;
— RSI forex indicator with a period of 8.

3. Place two more indicators on the M5 timeframe:
- CCI indicator with a period of 34;
— CCI indicator with a period of 170.

Trading signals scalping trading strategy

1. Buy trade signal arises when:
— CCI indicator(34) above the value of "0" on the M1 and M5 timeframes;
- The CCI(170) indicator is above the "0" level on two timeframes;
- The forex RSI indicator is above the value of "65".

2. Trade signal to sell we have when:
- The CCI(34) indicator is below "0" on the M1 and M5 timeframes;
- The CCI(170) indicator is below the "0" level on two timeframes;
— RSI forex indicator below the value "35".

3. Safety StopLoss set about 20 points (for a four-digit AC).

4. use TrallingStop at a distance of 10-20 pips (for a four-digit DTM).

5. In addition, as a signal to exit the market can be a color change Heiken_Ashi indicator.