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Scalping with CCI and Parabolic

MQL4 Experts

Job finished

Execution time 7 minutes
Feedback from customer
Great work. Easy to deal with. Very helpful and professional.
Feedback from employee
Happy to work with him. Evrything simple and fast with him. I hope to work together again. Thanks

Specification

This strategy is based on Parabolic SAR and Commodities Channel Index indicators. That's an impulse scalping strategy founded on the current price trend.

Tools: EUR/USD, AUD/USD, GBP/USD.

Тimeframes: M5.


  1. EMA21 on M5 time-frame
  2. CCI (45).
  3. Parabolic SAR (0.02, 0.2)

Long positions should be opened when the point of the Parabolic SAR indicator is located below  the entry candle   Which must close above the ema21 and the value of the CCI indicator is more than 100.

Short positions should be opened when the point of the Parabolic SAR indicator is located above the Entry candle  which must close below the ema21 and the value of the CCI indicator is less than 100.

Exit point:.positions held till parabolic switches  from above to below or below to above depending on whether it’s a buy or sell order at the close of candle. Max stop loss set at 20 pips.  


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Project information

Budget
40+ USD