Pux CCI Forex Scalping Trading Strategy

The Pux CCI forex trading strategy is designed to scalp the FX market, but can also be used to deliver intraday signals.

The strategy is built around the PUX_CCI and Sadukey trading indicators. The strategy can be adopted just by anyone regardless of their level of market expertise.

Chart Setup

MetaTrader4 Indicators: PUX_CCI.ex4 (default setting), Sadukey.ex4 (default setting)

Preferred Time Frame(s): 1-Minute, 5-Minutes, 15-Minutes

Recommended Trading Sessions: Any

Currency Pairs: Any forex pair with low spreads.

Download

Download the Pux CCI Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Place a buy order if the following indicator or chart patterns are in display:

  1. If red square boxes of the Sadukey.ex4 custom indicator forms below price bars, it is a trigger to go long i.e. a buy entry.
  2. If the Sienna colored line of the PUX_CCI custom indicator breaks above the 0.00 signal level, then price is said to be pressured to the upside i.e. taking buy position(s) in the market will suffice.

Stop Loss for Buy Entry: Place stop loss below short-term support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit on position(s) if the following rules or conditions hold sway:

  1. If the Sadukey custom indicator forms blue square boxes above price bars (usually it starts out as a thin line before subsequently forming box shapes), it is a signal to exit or take profit on all open buy orders.
  2. If the gold line of the PUX_CCI custom indicator breaks below the 0.00 signal line as shown in Fig. 1.0, buying pressures is said to be weaning, as such an exit or take profit is advised.

Sell Entry Rules

Place a sell order if the following indicator or chart patterns are in display:

  1. If blue square boxes of the Sadukey custom indicator forms above price bars as shown on Fig. 1.1, it is a bearish signal i.e. a short entry.
  2. If the Sienna colored line of the PUX_CCI custom indicator breaks below the 0.00 signal level, then price is said to be pushed lower, as such a sell order will be appropriate.

Stop Loss for Sell Entry: Place stop loss below short-term resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit on position(s) if the following are true:

  1. If the Sadukey custom indicator forms red square boxes below price bars (usually starting off with a thin line before subsequently forming box shapes), it is a signal to exit or take profit on all open sell orders.
  2. If the gold line of the PUX_CCI custom indicator breaks above the 0.00 signal line as shown in Fig. 1.1, selling pressures is said to be halting, as such an exit or take profit is appropriate.

Sell Trade Example

Fig. 1.0

Free Download

Download the Pux CCI Forex Trading Strategy

About The Trading Indicators

The Sadukey custom indicator is a trend following indicator that uses red square dots to indicate a bullish trend and blue square dots are used to denote a bearish trend.

This indicator can be adopted on smaller timeframes like 1 minute, 5 minute and on bigger timeframe like H4.

The PUX_CCI is a trend momentum that is designed around the Pux CCI indicator.

It is most effective on majors with low spreads.

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