High Probability Scalping Using Heiken Ashi / Trend CCI / RSIEMA
This Strategy is based on forexstrategiesresources.com/scalping-forex-strategies/1-double-cci-and-rsioma
I get 70%+ Success rate when i do 1.5/1 Risk/Reward ratio. Therefore I do 10pip TP with 15 SL. To lock at-least 50% of the profit I also do Trialing stop when i hit 5pip profit. This works pretty well with the Mt4 Indicators I mentioned above so i'm using the below indicators with Tradingview so that I can even trade with my tablet as MT4 Mobile version doesn't allow custom indicators.
Heiken Ashi (CM_Modified_Heikin-Ashi_TrendBars) - Thanks to Chris Moody
Trend CCI (FX Sniper: T3-CCI Strategy) - Thanks to HPotter
RSIEMA (CM_RSI_EMA) - Thanks again to Chris Moody
ATR - Average True Range Indicator
Long Entry:
Heiken Ashi (Trend Bars) is Green +
Trend CCI is Green +
RSI crossed up 21 EMA and RSI > 60 +
ATR Above 5
Exit: When Heiken Ashi (Trend Bars) Turns Red / RSI Cross Below 21 EMA
Short Entry:
Heiken Ashi (Trend Bars) is Red +
Trend CCI is Red +
RSI crossed down 21 EMA and RSI < 40 +
ATR Above 5
Exit: When Heiken Ashi (Trend Bars) Turns Green / RSI Cross Above 21 EMA
As you can see i'm using ATR as well apart from the original indicators mentioned in the link above. This helps me to make sure that there is good volatility in the market to hit my target.
Conditions:
Only Trade Tuesday to Thursday
Only Trade with Max 2.5pip Spread Currency Pairs Like EURUSD, USDJPY, GBPUSD
Only Trade During High Volatility Session Overlaps (Asian/European Overlap & European/American Overlap)
Only Trade During the First 2 Hours of the Session Open
Do Not Trade 30mins Before & After news event
Do Not Trade in Abnormal Market Conditions: forexwinners.ru/forex/market-conditions-not-to-trade
Hope this helps anyone who would like to do short term scalping (1m/5m/15m). Any suggestions are welcome :-). Good Luck with Scalping!!!
I get 70%+ Success rate when i do 1.5/1 Risk/Reward ratio. Therefore I do 10pip TP with 15 SL. To lock at-least 50% of the profit I also do Trialing stop when i hit 5pip profit. This works pretty well with the Mt4 Indicators I mentioned above so i'm using the below indicators with Tradingview so that I can even trade with my tablet as MT4 Mobile version doesn't allow custom indicators.
Heiken Ashi (CM_Modified_Heikin-Ashi_TrendBars) - Thanks to Chris Moody
Trend CCI (FX Sniper: T3-CCI Strategy) - Thanks to HPotter
RSIEMA (CM_RSI_EMA) - Thanks again to Chris Moody
ATR - Average True Range Indicator
Long Entry:
Heiken Ashi (Trend Bars) is Green +
Trend CCI is Green +
RSI crossed up 21 EMA and RSI > 60 +
ATR Above 5
Exit: When Heiken Ashi (Trend Bars) Turns Red / RSI Cross Below 21 EMA
Short Entry:
Heiken Ashi (Trend Bars) is Red +
Trend CCI is Red +
RSI crossed down 21 EMA and RSI < 40 +
ATR Above 5
Exit: When Heiken Ashi (Trend Bars) Turns Green / RSI Cross Above 21 EMA
As you can see i'm using ATR as well apart from the original indicators mentioned in the link above. This helps me to make sure that there is good volatility in the market to hit my target.
Conditions:
Only Trade Tuesday to Thursday
Only Trade with Max 2.5pip Spread Currency Pairs Like EURUSD, USDJPY, GBPUSD
Only Trade During High Volatility Session Overlaps (Asian/European Overlap & European/American Overlap)
Only Trade During the First 2 Hours of the Session Open
Do Not Trade 30mins Before & After news event
Do Not Trade in Abnormal Market Conditions: forexwinners.ru/forex/market-conditions-not-to-trade
Hope this helps anyone who would like to do short term scalping (1m/5m/15m). Any suggestions are welcome :-). Good Luck with Scalping!!!
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