Forex Scalping Strategy With CCI and Slope Indicator

Simple effective forex scalping strategy based on the CCI (Commodity Channel Index) indicator and the Slope trend trading indicator.

Chart Setup

Indicators: Slope Direction Line, CCI (35 period)
Preferred time frame(s): 1 minute
Trading sessions: London, US
Preferred Currency pairs: GBP/USD, EUR/USD, USD/JPY, GBP/JPY, AUD/USD, USD/CAD, EUR/JPY

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Download the Forex Scalping Strategy With CCI and Slope Indicator.

Example: GBP/USD 1 Minute Chart

scalping-with-cci-and-slope

Here is an example of this fx strategy applied to the 1 minute GBPUSD chart and corresponding trades.

It took the short trade 19 min to hit the 20 pips target.

Trading Rules

Buy Rules:

  • Slope Direction Line blue
  • Price above the Slope Direction Line (bullish price action)
  • CCI(35) > +100 (bullish momentum)

Go long. Place stop-loss 2 pips below the rising slope line.
Price objective: 10-20 pips

Sell Rules:

  • Slope Direction Line red
  • Price below the Slope Direction Line (bearish price action)
  • CCI(35) > -100 (bearish momentum)

Short the currency pair. Place stop-loss 2 pips above the declining slope line.
Price objective: 10-20 pips

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