CCI and Supertrend Scalping is a trading system inspired by Ilan Expert Advisor (EA) modified. This is a trend-momentum strategy, the CCI signals are filtered by Supertrend indicator. CCI momentum with the trend. The signals are good for generates fast profit. In the original system there is Ozymandias indicator that I have replaced with supertrend because is more sensitive.
Time frame 5 min.
Currency pairs: Majors.
CCI and Supertrend Scalping is also good for trading with binary Options high/low with expiry time 3-.candles.
Metatrader 4 Indicators
Zig zag with alerts (12, 5, 3),
Supertrend defaul setting.
CCI nrp signals.
Trading rules CCI and Supertrend Scalping
Buy
Lawn drawn on the chart.
CCI nrp buy signal.
Price of candle close above the supertrend indicator.
Conservative option is to trade only when the Supertrend is green line.
Fast profit target (3-7 pips).
Initial stop loss below the previous low swing.
Sell
Peak drawn on the chart.
CCI nrp sell signal.
Price of candle close below the supertrend indicator.
Conservative option is to trade only when the Supertrend is red line.
Fast profit target (3-7 pips).
Initial stop loss above the previous high swing.
This trading system is suitable also at money management with martingale with (1.2 at 2.0).
In the pictures CCI and Supertrend Scalping in action.
Download Free Forex CCI Supertrend Scalping Strategy