surangadesilva
Short

High Probability Scalping Using Heiken Ashi / Trend CCI / RSIEMA

FX:EURUSD   Euro Fx/U.S. Dollar
30106 10 73
This Strategy is based on http://www.forexstrategiesresources.com/scalping-forex-strategies/1-double-cci-and-rsioma

I get 70%+ Success rate when i do 1.5/1 Risk/Reward ratio. Therefore I do 10pip TP with 15 SL. To lock at-least 50% of the profit I also do Trialing stop when i hit 5pip profit. This works pretty well with the Mt4 Indicators I mentioned above so i'm using the below indicators with Tradingview so that I can even trade with my tablet as MT4 Mobile version doesn't allow custom indicators.

Heiken Ashi (CM_Modified_Heikin-Ashi_TrendBars) - Thanks to Chris Moody
Trend CCI (FX Sniper: T3-CCI Strategy) - Thanks to HPotter
RSIEMA (CM_RSI_EMA) - Thanks again to Chris Moody
ATR - Average True Range Indicator

Long Entry:

Heiken Ashi (Trend Bars) is Green +
Trend CCI is Green +
RSI crossed up 21 EMA and RSI > 60 +
ATR Above 5

Exit: When Heiken Ashi (Trend Bars) Turns Red / RSI Cross Below 21 EMA

Short Entry:

Heiken Ashi (Trend Bars) is Red +
Trend CCI is Red +
RSI crossed down 21 EMA and RSI < 40 +
ATR Above 5

Exit: When Heiken Ashi (Trend Bars) Turns Green / RSI Cross Above 21 EMA

As you can see i'm using ATR as well apart from the original indicators mentioned in the link above. This helps me to make sure that there is good volatility in the market to hit my target.

Conditions:

Only Trade Tuesday to Thursday
Only Trade with Max 2.5pip Spread Currency Pairs Like EURUSD             , USDJPY             , GBPUSD            
Only Trade During High Volatility Session Overlaps (Asian/European Overlap & European/American Overlap)
Only Trade During the First 2 Hours of the Session Open
Do Not Trade 30mins Before & After news event
Do Not Trade in Abnormal Market Conditions: http://forexwinners.ru/forex/market-conditions-not-to-trade

Hope this helps anyone who would like to do short term scalping (1m/5m/15m). Any suggestions are welcome :-). Good Luck with Scalping!!!
Thanks!
Reply
Hey, thank you for This strategy... how is setted the CCI? I have tried but i''ve not undestood how can do appear TR-CCI ..ecc. could you help me please?

Thanks
Reply
What's the best timeframes for this strategy? M30 is good?
Reply
Hi, this looks like a very nice strategy. I am wondering, if the trade is going your way and looks like it will continue moving in the same direction, do you always close the trade at 10 pips profit? Also, how many pips do you normally use for your trailing stop? I am a beginner with trading and not sure how to choose the right amount for trailing stops.

Thank you for sharing
Reply
Hi Suranga,

Can this same strategy be applied for Binary?


Thanks.
+3 Reply
Nice system! How many pips since the beggining?
Reply
Great!!!! Thank you much!!
Reply
rajeboav rajeboav
*very much
Reply
Hi, when you say: "Only Trade During the First 2 Hours of the Session Open". Must this session be a session overlap?
Reply
Yes it's better to be in the session overlap as this time is the most volatile. European/American (4hr Overlap) is the best and the Asian/European (1hr Overlap) is the second best. See more info here: http://www.investopedia.com/articles/forex/08/3-market-system.asp

As you can see 7-8GMT & 12-16GMT is the most volatile and PA moves in the same direction when the session opens (Most of the times) so when you are in a high volatile market you can achieve the target so quickly.

Hope this helps
+1 Reply
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