Intraday Scalping Strategy with Signal Indicator and CCI

This intraday forex trading strategy leverages trend momentum using the Commodity Channel Index (CCI) with a 50-period setting as both a filter and a signal indicator. It is specifically designed for the Metatrader 4 platform, with optimal timeframes being 15 and 30 minutes.

Strategy Setup

• Timeframes: Best suited for 15 and 30-minute charts, though applicable to 5 minutes or higher for intraday trading.

  Platform: Metatrader 4.

  Indicators:

  • CCI with a 50-period setting.

    Support and Resistance zones.

    Signal indicator with default settings.

    Symbol Changer.

• • Trading Rules

    Buy Position

    1. Signal indicator appears below the bar.

    2. CCI 50 is below the zero level.

    Sell Position

    1. Signal indicator appears above the bar.

    2. CCI 50 is above the zero level.

    Exit Strategy

    • Stop Loss: Place the initial stop loss below the previous swing low for buy positions and above the previous swing high for sell positions.

    • Profit Target: Set a minimum profit target with a ratio of 1:1.1 relative to the stop loss.

    Summary

    This trading system focuses on capitalizing on trend momentum, making it suitable for disciplined traders using the Metatrader 4 platform. Entry and exit points are based on CCI signals and predefined support and resistance zones, ensuring a structured approach to intraday trading.

    
    
    
    
    
    
    

    Download

    https://drive.google.com/drive/folders/1UteNTdlFelqDKgtO4I3Ao-w-Zm-yjOde?usp=sharing