1 Minute Scalping with Double CCI (170,34)

 

Powerful 1 Minute Scalping with Double CCI Forex Scalping Strategy For MT4

The Powerful 1 Minute Scalping with Double CCI Forex Scalping Strategy For MT4 is extensively popular among the pro traders. The first CCI setting is 170 and the second CCI reading is 34. 

The strategy also requires the use of the RSI to filter out false signals. Sup fibo and HA indicators are also used to fine-tune the trading method to the price variation in the 1-minute chart. All these indicator settings will be done automatically after placing the ex4 file for this strategy on the platform.

CCI is the most important tool to find your long trade. The CCI 170 should exhibit a strong uptrend and the value has to be above the 0 points. At the same time, CCI 34 must show the uptrend momentum with a value above the 0 levels. But make sure the CCI 34 reading is greater than CCI 170 in order to consider it as a valid setup. After that look at the rejection or a decent bounce in the fibo level. Once you spot the bounce, take the reading of the RSI. If it is above 55, it is a strong sign the price will go higher.

The short trades are taken just like the long trade. CCI 170 and CCI 34 must have the reading below the 0 levels. At that instant, testing of the fibo retracement level is a must. If the price rejects a critical resistance or fibo level, take the reading of the RSI reading is under 45 to execute the short trade.

Some of you might be considered with the RSI feature. You have to understand we are scalping the market in the 1 minute time frame. So, instead of using RSI as an overbought or oversold tool, we are using it as a momentum indicator. If you can take the reading carefully you can even use this method to trade the most volatile market. But make sure you using proper stop loss with the help of the fibo or SR levels. And the take profit level should be analyzed based on the closed support and resistance. Note that no trades should be taken with less than 1:2 RR ratio.