Reversal Momentum Forex Scalping Strategy
This is a scalping system that is based on a reversal momentum. It uses 2 indicators in the same window and it is the CCI and RSI indicators. This works on a 15-minute and 30-minute timeframe and is applicable to any currency pairs.
Forex Indicators
- CCI 14 period with Rsi 14 Period( cci level 100, 150, 200, -100,-150,-200)
- overbought area CCI >= 150 level;
- oversold area CC <= -150 level;
- Bands (20.2);
- Pivot point levels.
Long Entry:
- CCI must be in the oversold area. CCI <= -150.
- Enter long trade when it crosses upward RSI 14.
Sell Entry:
- CCI must be in the overbought area. CCI >= 150.
- Enter Short trade when it crosses upward RSI 14.
Exit position:
- Quick take profit at 8-15 pips, but it also depends on the currency and timeframe.
- Exit at the next band of the BB.
- At the pivot points level.
- Set initial stop loss at 15 -20 pips after 8 pips in gain move stop loss at entry level.
Forex Trading Strategies Installation Instructions
Reversal Momentum Forex Scalping Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Reversal Momentum Forex Scalping Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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How to install Reversal Momentum Forex Scalping Strategy?
- Download Reversal Momentum Forex Scalping Strategy.zip
- *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select Reversal Momentum Forex Scalping Strategy
- You will see Reversal Momentum Forex Scalping Strategy is available on your Chart
*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
Click here below to download:
