Scalping Trading Method with Double CCI Strategy For MT4

Scalping Trading Method with Double CCI Strategy For MT4

The Scalping Trading Method with Double CCI Strategy For MT4 is a forex trading system that makes use of a unique set of indicators. In fact, there are just three indicators that used in the scalping trading method double CCI strategy. This is a mix of a trading system that requires using price action methods of trading and the swing pivot points that are signaled by the indicators used in the price chart.

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The first indicator is the WSS indicator. Not much is known about this indicator and the settings are also limit. The only changes you can make is the color of the indicator's display. We then have the CCI bars indicator. This indicator comes with some settings and allows for using multi time frame settings. You can basically use the settings of a higher chart time frame on the lower charts.

The CCI bars indicator basically displays the trend information, multi chart time frame on the top right corner of the price chart. Finally, we have the 4X 2010 SEMA4X indicator. This is a modified version of the semaphore indicator.

There are quite a few settings on this indicator. You can basically choose the period settings of the different periods and it displays the swing high and low points as well as the short term high and low points on the price chart. Traders can use this indicator as the main technical indicator that drives the trading signals based on the scalping trading method double CCI strategy.

We had earlier mentioned that the scalping trading method double CCI strategy uses the price action as well. Traders can apply the price action methods of trading as an additional filter to the trend.

An important point to note however is that in the scalping trading method double CCI strategy, the sempahore indicator is the main signal based off which we can take long or short positions. However, these high and low points are not formed in real time.

Only when price makes a high or a low and moves significantly from this level does the semaphore indicator plot a high or a low. Therefore, there is a considerable lag when using the scalping trading method double CCI strategy. This is the reason why traders should also make use of price action to be ready for a signal just before it is formed.

The semaphore indicator also plots the trends on the price chart. You can see this with the circles plotted on the top left corner of the chart. Ideally, long or short positions are taken when you see that the majority of the higher chart time frames are pointing to the same direction.

Having explained the indicators that are used in the scalping trading method double CCI strategy, let's now take a look at how you can take long and short positions in the scalping trading method double CCI strategy.

The scalping trading method double CCI strategy – Long positions




To look for long positions in the scalping trading method double CCI strategy, we first wait for price to make a key low. Following this, wait for price to move higher. After a few candlesticks, you will see that the semaphore indicator plots a low on the chart.

Once you see the low formed, you can then take a long position in the market. Set your stop loss to the recent low that formed within a few candlesticks prior to taking the long position in the market. Then, using the stop loss, calculate a fixed risk to reward set up of at least one is to three.

When price moves about 50% in the favor of your trade, and given that there is no swing high formed, you should then move your stops to break even and let the remainder of the trade play out. In the scalping trading method double CCI strategy, is it important that you enter the trade as early as possible.

The scalping trading method double CCI strategy – Short positions




To look for short positions in the scalping trading method double CCI strategy, we first wait for price to make a key high. Following this, wait for price to move lower. After a few candlesticks, you will see that the semaphore indicator plots a high on the chart.

Once you see the high formed, you can then take a short position in the market. Set your stop loss to the recent high that formed within a few candlesticks prior to taking the short position in the market. Then, using the stop loss, calculate a fixed risk to reward set up of at least one is to three.

When price moves about 50% in the favor of your trade, and given that there is no swing high formed, you should then move your stops to break even and let the remainder of the trade play out.

Is the scalping trading method double CCI strategy good for you?


In conclusion, the scalping trading method double CCI strategy is not ideally suited for every trader. Beginners who have no understanding of the market should certainly stay away from using this method of technique. Without good understanding of the markets and the price action, you can be prone to taking wrong signals.

The timing of the entry of the trade is also important. As we mentioned, the semaphore indicator lags and is not real time. Therefore, you will see that at times price tends to move in a direction, only to give up the direction and reverse. This will lead to the semaphore indicator to repaint. This is something that traders should pay attention too. And since there is no way to know if the repaint will occur or not, traders should pay attention to their risk management to avoid losing too much.

Having mentioned the above, the scalping trading method double CCI strategy requires quite a bit of a learning curve. It is not simple to trade with this strategy and given the choice of many other trading strategies available, one could possibly give the scalping trading method double CCI strategy a miss.

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FREE Scalping Trading Method with Double CCI Strategy

Download the FREE Scalping Trading Method with Double CCI Strategy for MT4.

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