CCI Arrow Forex Trading Strategy

Scalping is an art, and just like any art in today’s world, perfection is needed to get the best out.

The CCI Arrow forex trading strategy is an incredible trading strategy that delivers fast profits within tiny bits of time and can be accumulated over a period to translate into sizable profits.

Chart Setup

MetaTrader4 Indicators: cci_with_arrow.ex4 (default setting), 3_Level_ZZ_Semafor.ex4 (Input Variable modified; Period1=15.0, Period2=26.0)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute

Recommended Trading Sessions: 24/7 trading

Currency Pairs: Any pair

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Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a buy order if the following indicator or chart pattern takes precedence:

  1. If the red downward pointing arrow of the cci_with_arrow.ex4 custom indicator forms below the -200 signal level as illustrated on Fig. 1.0, the sentiment in the market is said to be bullish, hence a trigger to enter buy order(s) is advised.
  2. If the yellow sphere of the 3_Level_ZZ_Semafor custom indicator as shown on Fig. 1.0 forms below the candlesticks, it is an indication that price is driven higher i.e. a trigger to go long on the currency pair of focus.

Stop Loss for Buy Entry: Place stop loss 2 pips below short-term support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions hold sway:

  1. If the lime line of the cci_with_arrow.ex4 custom indicator breaks above the 200 signal level during a bullish trend, an exit or take profit is recommended. The lime colored line of the indicator from Fig. 1.0 did initially break above the -200 level, breaking above the 200 thereby denotes an exit or take profit stance.
  2. If the yellow sphere of the 3_Level_ZZ_Semafor custom indicator forms above the candlestick as shown on Fig. 1.0, bulls power is said to be weaning i.e. an exit or take profit is needed.

Sell Entry Rules

Initiate a sell order if the following holds sway on the activity chart:

  1. If the blue upward pointing arrow of the cci_with_arrow.ex4 custom indicator forms above the 200 signal level as illustrated on Fig. 1.1, the market sentiment is said to be bearish, as such a trigger to go short on the pair of interest.
  2. If the yellow sphere of the 3_Level_ZZ_Semafor custom indicator as shown on Fig. 1.0 aligns above the candlesticks, it is an indication that price is pushed lower i.e. a trigger to go short on the currency pair of focus.

Stop Loss for Sell Entry: Place stop loss 2 pips above short-term resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following holds true:

  1. If the lime line of the cci_with_arrow.ex4 custom indicator breaks below the -200 signal level during a bearish trend, an exit or take profit is recommended.
  2. If the yellow sphere of the 3_Level_ZZ_Semafor custom indicator forms below the candlestick as shown on Fig. 1.1, bears power is said to be halting i.e. an exit or take profit is needed.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The cci_with_arrow.ex4 custom indicator is a technical tool for scalpers and is used to gauge if a trend is gaining or losing momentum.

The 3_Level_ZZ_Semafor.ex4 indicator is built on the ZigZag indicator and does a great job finding trend during market sessions.

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