Parabolic Sar and CCI
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.
Pair :EUR/USD, AUD/USD, GBP/USD
Time Frame: 1 and 5 min
50 SMA for 1min TF;
21SMA for 5 min TF;
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.
Stop Loss on the SMA;
Profit Target: EUR/USD (7-12 pips), AUD/USD (5-8 pips), GBP/USD (7-15 pips).