1 min scalping with CCI and
Rsioma is a trading technique suitable for the one minute time frame
but can also be applied to higher time frames. The trading system is
trend momentum type.
Time frame 1 minute or more.
Currency
pairs with low spreads. And suitable for the Nasdaq 100.
Metatrader
4 indicators:
Heiken Ashi
smoothed;Rsioma (default),DoubleCCIWoody (default),Spudfib
Long
Entry signals
DoubleCCIWoody is green.
RSIOMA is
greater than 65.
Short Entry signals
DoubleCCIWoody
is red.
RSIOMA is less than 35.
Exit strategies for
the 1M time frame:
Target Price: 10 pips or Fibonacci
level.
Stop loss: 10 pips or if Heiken Ashi changes color from
green to red.
Exit strategies for the 5M time frame:
Target
Price: 15 pips or Fibonacci level.
Stop loss: 12 pips or if
Heiken Ashi changes color from red to green.
It is crucial to
avoid trading during news events. If a news event coincides with your
trading times, refrain from trading 30 minutes before and 30 minutes
after the news event.
If your trading platform does not support
RSIOMA, you can use the regular RSI as an alternative.
Examples
of trades.
Download
https://drive.google.com/drive/folders/19uYE3qBDTq9H40Cki7swJOBWZciUdhe0?usp=sharing
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