Parabolic Sar and CCI indicator is a forex scalping strategy based on the parabolic sar indicator and Commodities Channel Index indicator. This is a trend- momentum forex strategy.

 

Metatrader Indicators:

50 SMA for 1min TF;

21SMA for 5 min TF;

CCI (45);

Parabolic SAR (0.02, 0.2).

Long Entry Position:

When Parabolic dot >SMA and CCI (45)>100.

Short Entry Position:

When Parabolic dot <SMA and CCI (45)<-100.

 

Exit Position:

Stop Loss on the SMA;

Trailing Stop;

Profit Target: EUR/USD (7-12 pips), AUD/USD (5-8 pips), GBP/USD (7-15 pips).

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