Are you looking to up your trading game? Let’s dive into a scalping strategy using CCI and MACD on MetaTrader 5 that’s been tested on the EUR/USD pair, particularly effective on the M15 timeframe.
Indicators You'll Need:
- Exponential Moving Average (EMA) - set to a default period of 34
- Commodity Channel Index (CCI) - default MA period of 50
- Moving Average Convergence Divergence (MACD) - use the default settings for MT5
Here’s the strategy breakdown:
For BUY orders:
- Wait for the candle to close above the EMA.
- Ensure the CCI crosses above the 0 level and enters positive territory.
- Look for the MACD to be below 0 and make a bullish cross while still below this level.
For SELL orders:
- Just like with buy orders, start with a candle closing above the EMA.
- Watch for the CCI to cross above 0 and enter the positive zone.
- Confirm that the MACD is below 0 and shows a bearish cross while remaining under this level.
By following these steps, you can effectively implement this scalping strategy and potentially enhance your trading results. Happy trading!
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