Pux CCI Scalping System For MT4

Pux CCI Scalping System For MT4

Table Of Contents:

  1. Pux CCI Scalping System For MT4
  2. The Pux CCI scalping system for forex – Long positions
  3. The Pux CCI scalping system for forex – Short positions
  4. Conclusions on trading with the Pux CCI scalping system for forex


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The Pux CCI Scalping System For MT4 is a relatively simple looking trading system. The charts are very clean and this is basically a trend following system. The trading rules are normal, just like how you would trade using regular moving averages and a momentum indicator.

FREE Pux CCI Scalping System

Download the FREE Pux CCI Scalping System for MT4.

To receive my email 100% sure: 
Put my email on your whitelist!


The Pux CCI scalping system for forex makes use of a custom indicator which sits in the sub window of the trading template. This is called the PUX CCI indicator. This is a modified version of the CCI indicator, also known as the commodity channel index indicator. This indicator shows the momentum as it oscillates between the -100 and +100 levels. There is also a histogram indicator, but the main signals are generated based on how the signal line, depicted by the blue line moves around the zero value of the indicator.

When the signal line is above zero, it indicates that the market is in an uptrend. Likewise, when the signal line is below zero, it signals that the momentum is falling, and therefore prices could head lower.

But of course, you should not base your trading triggers merely based off the PUX CCI indicator. You should also be looking at the moving averages. On the price chart, there five moving average indicators that are used. These are set to 114 period smoothed and another instance of the moving average indicator set to the same 114 period but is a linear weighted moving average. We then have two instances of the 48 period linear weighted moving average.

Note that all the moving averages are set to the median price which is the average of the open, high, low and close. As you might already know, the markets are in an uptrend when the short term moving averages trade above the long term moving averages. And the markets are in a downtrend when the short term moving averages are trading below the long term moving averages.

Finally, on the price chart, we have the RSI chart bars. This indicator is responsible for coloring the candlesticks that you see on the template. When the markets are in an uptrend, you will see that the indicator plots the candlesticks in yellow color. Similarly, when the markets are in a downtrend, you will see that the candlesticks are plotted in red, suggesting that the market is moving lower.

By now, we already see that there are three indicators and each of these indicators plots the market price action rather differently. Therefore, based on a combination of the all the three indicators, namely the moving averages, the RSI candlesticks and the PUX CCI we can combine them into one and filter out the signals.

We trade only when there is a strong confluence of all the indicators. Let's now take a look at how you can trade long or short positions using the Pux CCI scalping system for forex.

The Pux CCI scalping system for forex – Long positions




For long positions in the Pux CCI scalping system for forex, we first need to see the short term moving averages trading above the long term moving average indicators. This indicates that the markets are shifting from a down trend to an uptrend.

By this time, you would already start to notice that some of the candlesticks start to plot in yellow color. This indicates that the price action is also turning higher. After this, you should then look to the sub window. Here, the PUX CCI indicator should be showing that the momentum is rising.

This is understood by looking at the signal line. The signal line of the PUX CCI indicator should be sloping to the upside. When you get a confirmation of all the above, you can take a long position at market.

Use one of the previous lows from the past candlesticks as your stop loss level. Then using a fixed risk to reward set up, you can then set your take profit. Sometimes, when the trend is strong, you could hold on to the long position and ride the full length of the trend to increase the profits.

The Pux CCI scalping system for forex – Short positions




For short positions in the Pux CCI scalping system for forex, we first need to see the short term moving averages trading below the long term moving average indicators. This indicates that the markets are shifting from an uptrend to a downtrend.

By this time, you would already start to notice that some of the candlesticks start to plot in red color. This indicates that the price action is also turning lower. After this, you should then look to the sub window. Here, the PUX CCI indicator should be showing that the momentum is easing.

This is understood by looking at the signal line. The signal line of the PUX CCI indicator should be sloping lower. When you get a confirmation of all the above, you can take a short position at market.

Use one of the previous highs from the past candlesticks as your stop loss level. Then using a fixed risk to reward set up, you can then set your take profit. Sometimes, when the trend is strong, you could hold on to the short position and ride the full length of the trend to increase the profits.

Conclusions on trading with the Pux CCI scalping system for forex


The Pux CCI scalping system for forex, as demonstrated above is a very decent forex trading system. It is ideally suited for those type of traders who prefer to trade with the trend. Due to the nature of the indicators used, you can apply this trading system to both scalp the markets by using short term charts. Alternately, swing traders can also use this trading system to trade on the higher chart time frames.

There are some ways you can improve the Pux CCI scalping system for forex. For starters, setting up take profit levels is a bit subjective. But this can be overcome by making use of pivot levels, especially if you are day trading. Meaning that if you are trading on the short term charts, you can use the pivot levels to set your take profit levels.

Another way of improving the Pux CCI scalping system for forex is by applying candlestick patterns too. This means that you can further fine tune your trading system based on how the candlestick patterns form.

The template that comes with the Pux CCI scalping system for forex is very light weight. So you can use this to monitor multiple instruments at the same time, without having to worry about the performance of your MT4 trading terminal.

The Pux CCI scalping system for forex is ideally suited even for beginners as it allows you to practice to trade with the trend. Of course, traders need to be a bit patient when trading with this method as the signals do not come that often.

Download the complete system description and the files here:

FREE Pux CCI Scalping System

Download the FREE Pux CCI Scalping System for MT4.

To receive my email 100% sure: 
Put my email on your whitelist!

 

Partially Automated Trading Besides Your Day Job

Alerts In Real-Time When Divergences Occur

My Recommended MT4/MT5 Broker

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

The following performance was achieved by me while trading live in front of hundreds of my clients:

Connect With Me:  

Results From 5 Months!
This service starts soon! Be the first who get's notified when it begins!

This FREE Indicator Can Transform
Your Trading!

FREE Indicator + Telegram Group


Request the Ultimate Double Top/Bottom Indicator which is used by 10,000+ traders.