367# CCI and RSI Scalping System
Reversal Momentum Scalping System
Submit by Maximo Trader 03/08/2013
This is a reversal momentum scalping system based on two forex indicators in the same window CCI and RSI.
Time Frame 15 minutes or 30 minutes.
Currency pairs: any.
CCI 14 period with Rsi 14 Period( cci level 100, 150, 200, -100,-150,-200)
overbought area CCI>=150 level;
oversold area CC<=-150 level;
Bands (20.2);
Rules: Reversal momentum scalping system with CCI and RSI
Long Entry:
When CCI is in oversold area ( CCI<=-150 level) buy when cross upward (RSI 14) .
Sell Entry
When CCI is in overbought area ( CCI>=150 level) buy when cross upward (RSI 14) .
Exit position options
Fast profit target 8-15 pips depends by currency and time frame.
AT the next band of the BB ;
At the pivot points level.
Iniltial stop loss 15 -20 pips after 8 pips in gain move stop loss at entry level.
This is a good scalping strategy for provider trading signals intraday.
In the picture below Reversal momentum scalping system with CCI and RSI in action.
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Reversal momentum scalping system with CCI and RSI: Indicators and Template
AJIEX (Friday, 22 January 2016 17:34)
Nice, thanks
RAJADAIK (Friday, 19 December 2014 08:19)
NICE SYSTEM..