Monday, January 19, 2015

4 Simple CCI Scalping Trading Strategies (5 minute chart)

CCI Scalping is an excellent trading strategy, especially if you have some time to watch some charts for a while when trading Forex. 
I have collected 5 strategies with details below and when you review each one you will see that these are simple visual strategies with indicators that you may already have or you can easily find them on the net.
Each of these can be modified a bit to suit your taste, they are easily modified or enhanced.
The most important aspect of these systems is that the chart 'talks' to you loudly so that you can see the opportunities to pick up some good pips.

What is the CCI?

The Commodity Channel Index is a momentum indicator developed by Mr. Donald Lambert, primarily for Commodities. However, it is easily applied to other instruments such as stocks and indices and forex. What it ‘ondicates’ or measures, is the current price level compared to an average price over a period of time, that period being, in many cases, 14 or 20 bars.

Here is the calculation involved
CCI = (Typical Price  -  20-period SMA of TP) / (.015 x Mean Deviation)

Typical Price (TP) = (High + Low + Close)/3

Constant = .015 Source

CCI Flash Scalping - Learn Forex Trading
CCI flash scalping is a forex trading system trend momentum very fast. A nice little 5-minute system – ideal for riding London morning session trends.
Time Frame 5 min.
Currency pairs: EUR/USD, GBP/USD.
Commodity channel Index (20 periods close);
Exponential moving average (34 periods, close).
CCI Flash Scalping trading rules
For a SELL trade, we want the price to be trending down and BELOW the 34ema.
We SELL when the CCI(20) crosses down BELOW the -90 line(level).
For a BUY trade, we want the price to be trending down and ABOVE the 34ema.
We BUY when the CCI(20) crosses down ABOVE the +90 line(level).
Exit position at the opposite conditions or make a profit with target 5-7 pips.
Initial stop loss 15-20 pips.

Forex Trading: Easy Scalping at M5 on Any Chart | Make ...
indicators :
(1) Moving Average (MA): period 14
(2) Stochastic Oscillator: K period 14, Slowing 7, D period 3, level 25,50,75
(3) Commodity Channel Index (CCI): period 14, level +100,0,-100
TimeFrame: M5 or higher (scalping is recommended at M5)
StopLoss: 10-15 pips (is a MUST in case of sudden trend reversal)
TakeProfit: 10pips but recommended using exit indicator as below for maximum profit.
Long :
ENTER – Price over MA(14) line + Stoch heading upward + CCI(14) crossed level 0 in upward direction
EXIT – Stoch crossed between level 75 and 100 and heading downward OR/AND CCI exit +100 region OR reversal of 3 bars
Short :
ENTER – Price below MA(14) line + Stoch heading downward + CCI(14) crossed level 0 in downward direction
EXIT – Stoch crossed between level 25 and 0 and heading upward OR/AND CCI exit -100 region OR reversal of 3 bars

Intraday Scalping Using EMA & CCI - Sat, 27 Apr 2013 01:36:04 –0700

Hi Friends,
I am effectively using EMA & CCI for scalping for the past 1 Month.The Results are encouraging.
Entry made in 5 Mins chart Using 288 & 1200 EMA to know trend & momentum and CCI for entry.
Entry Rules for Long
If we want to go long price should be above both 1200 & 288 EMA.Will enter once CCI Moves above -100 from oversold area Provided Difference between entry point & 288 EMA is not more than 25 Pips. (This done to avoid buying 

Over bought Condition).
Note 1)1200 EMA (Proxy for 200 EMA in 30 Mins)- This used to Find trend.
2) 288 EMA is the average price of last 24 Hours-This used to find Momentum.

Entry Rules for Short

Vice versa of Long Entry.
Exit rules
Stop Loss & Take profit 30% of Daily ATR with 1:1 Risk Reward Ratio.

Your feedback pls.
If can one can make EA with the above conditions it will be useful, Since i am not expert in building EA.

double CCI and Rsioma - scalping strategy ~ ozo forex trading
The best pairs to trade using this scalping strategy: EUR/USD, Aud/USD, GBP/USD. Time frame:1M and 5M. Spread max:0,00025.
Timeframe: M1*M5
Indicators: 2MA crossover, Heiken Ashi smoothed, Rsioma, Double CCI woody.
Entry to buy: 
1- The arrow is given a buy signal
2- CCI green
3- Heiken Ashi green
4-rsioma higher than 65

Entry to sell:
1- The arrow is given a sell signal 
2- cci red
3- Heiken Ashi red
4-rsioma less than 45

Target price: 15 pips or Fib level
Stop loss: 12pips or Heiken Ashi changed color.
DON'T Trade During News

If there is a news event and it occurs during your trading times, never trade 30 minutes before and 30 minutes after the news event.

These strategies with a little practice will allow a trader to make some nice profits from their CCI Scalping.

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