PUX CCI Forex Scalping Strategy

November 14, 2016

669

PUX CCI Forex Scalping Strategy

Pux CCI Scalping System is a trend momentum strategy based on the Pux CCI indicator. This is a strategy that works on a 1-minute or 5-minute timeframe. This is useful for major pairs with low spreads.

Metatrader 4 Indicators:

Moving Average Smoothed 144 period;
Moving Average linear Weighted 144 period closed HLCC/4;
Moving Average linear Weighted 44 period closed HLCC/4;
Moving Average linear Weighted 24 period closed HLCC/4.
RSI Chart Bars (21-period );
SonicR Chart Panel.

Buy Entry:

PUX CCI shows green bar.
RSI Chart bars is yellow.
MA 24 is greater than MA 48.
The price is above MA 144 linear Weighted.

Sell Entry:

PUX CCI shows red bar.
RSI Chart bars red.
MA 24 is less than MA 48.
The price is below MA 144 linear Weighted.

Exit position:

Take profit when MA 24 crosses in opposite direction MA 48
Quick take profit or exit on the pivot points levels.
Place initial stop loss at 3 pips above or below MA 48.

Recommended MT4 Brokers

XM Broker

Free $50 To Start Trading Instantly! (Withdraw-able Profit)
Deposit Bonus up to $5,000
Unlimited Loyalty Program
Award Winning Forex Broker
Additional Exclusive Bonuses Throughout The Year

>> Sign Up for XM Broker Account here <<

FBS Broker

Trade 100 Bonus: Free $100 to kickstart your trading journey!
100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.