Strategy "Scalping with use of Parabolic Sar + CCI"
Recommended timeframes M1
This strategy is based on Parabolic Sar and Commodities Channel Index indicators. That's an impulse scalping strategy founded on the current price trend.
Tools: EURUSD, AUDUSD, GBPUSD.
?ime-frames: M1, M5.
- EMA50 on M1 time-frame
- EMA21 on M5 time-frame
- CCI (45).
- Parabolic Sar (0.02, 0.2)
Long positions should be opened when the point of the Parabolic Sar indicator is located above the EMA's line and the value of the CCI indicator is more than 100.
Short positions should be opened when the point of the Parabolic Sar indicator is located below the EMA's line and the value of the CCI indicator is less than 100.
Target: EURUSD (7-12 points), AUDUSD (5-8 points), GBPUSD (7-15 points).
Stop Loss level should be placed at the EMA level.