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Double CCI and RSIOMA Forex Scalping Strategy

Double CCI and RSIOMA Forex Scalping Strategy


This system is unlike the Double CCI and RSIOMA Forex Scalping System which you would find online at many websites. This system is unique and not found anywhere online. This system teaches you to filter out fake setups and only take trades which have high probability of success. If you follow the system and engage a sound Money Management strategy with this system you will surely reap profits from this system. Without any further ado lets get on straight to the system.

Recommended Time frame: 1 Minute & 5 Minute

Currency Pairs: GBPUSD, AUDUSD, EURUSD, USDJPY (especially low spread pairs)

Indicators Used: 2MA crossover , Heiken Ashi smoothed, Rsioma(16), DoubleCCIWoody (Trend CCI Period 16) and Spudfibo.

Double CCI and RSIOMA Forex Scalping Strategy Buy Entry Rules:

Condition 1: Wait for the Buy 2MA crossover Upward Arrow To Appear

Condition 2: Check if the DoubleCCIWoody indicator is green

Condition 3: And finally, wait for the RSIOMA to cross over above level 65 but below level 100

Condition 4: Check Point A Price Level (Last RSIOMA crossing below Level 35) & Point B Price Level (RSIOMA crossing above Level 65 now)For RSIOMA.

If conditions 1 to 3 have been met and Point B Price > Point A Price (condition 4) then open a Buy Trade immediately.

Else, take this signal as a 'Get Ready For Buy Signal'.

When RSIOMA crosses over 65 Level in the next try, and again without going below Level 35 then take the Buy Trade.

RSIOMA-SCALPING-STRATEGY-BUY-TRADEa

Double CCI and RSIOMA Forex Scalping Strategy Sell Entry Rules:


Condition 1: Wait for the Sell 2MA crossover Downward Arrow To Appear

Condition 2: Check if the DoubleCCIWoody indicator is red

Condition 3: And finally, wait for the RSIOMA to cross over below level 35 but above level 5

Condition 4: Check Point C Price Level (Last RSIOMA crossing above Level 65) & Point D Price Level (RSIOMA crossing BELOW Level 35 now) For RSIOMA.

If conditions 1 to 3 have been met and Point D Price < Point C Price (condition 4) then open a Sell Trade immediately.

Else, take this signal as a 'Get Ready For Sell Signal'.

When RSIOMA crosses below 35 Level in the next try and again without going above Level 65 then take the Sell Trade.

Double CCI and RSIOMA Forex Scalping Strategy- Sell Trade

1 Minute Forex Scalping Strategy Exit Rules

Set Take Profit For Both Buy & Sell Trades: 10 pips or Fibonacci level;

Set Stop Loss To For Buy Trades: 10 pips or Heiken Ashi HA changed color from green to red.

Set Stop Loss To For Sell Trades: 10 pips or Heiken Ashi HA changed color from red to green.

5 Minute Forex Scalping Strategy Exit Rules

Set Take Profit For Both Buy & Sell Trades: 15 pips or Fiblevel

Set Stop Loss To For Buy Trades: 15 pips or Heiken Ashi HA changed color from green to red.

Set Stop Loss To For Sell Trades: 15 pips or Heiken Ashi HA changed color from red to green.

If your last Buy Trade ended with a profit then you should not take another buy trade till the RSIOMA goes below Level 65 and comes back over again. However, if your last Buy Trade ended with a loss then you can continue taking Buy Trades if the setup conditions are met.

The above considerations need to be kept in mind for the Sell Trades as well.

A word of CAUTION!. Do not trade this strategy for at least an hour before and an hour after Major News Releases.

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