463# Scalping action
RSI 2CCI Has MTF trading
Scalping action is a very fast scalping system based on indicators of Momentum and trend.
Time Frame 1 min 5min, .
Markets: Currency pairs majors, index and commoditie with low spreads.
News Forex Factory,
RSI 2CCI Has MTF ( 5 min time frame, RSI 14, CCI 34, CCI 170)
RSI 2CCI Has MTF ( 60 min time frame, RSI 14, CCI 34, CCI 170)
TF Slicer ( TF-Slicer.mq Description: Draw lines slicing up higher timeframe bars on an indicator in a seperate chart window.
Note: Place on top of the indicator you want divider lines on and set the required timeframe in the parameter tab. The line attributes can be changed in the indicator properties window.
Trading rules for Scalping action
The first rule it's find on currency pairs in trend. Do no apply this template in sideways market.
RSI 2CCI Has MTF ( 5 min time frame) dodger blue bar.
RSI 2CCI Has MTF ( 60 min time frame) dodger blue bar.
When there is this conditions buy order at opening of the next bar
RSI 2CCI Has MTF ( 5 min time frame) red bar.
RSI 2CCI Has MTF ( 60 min time frame) red blue bar.
When there is this conditions sell order at opening of the next bar.
At the levels of the fib pivot or 8-10 pips.
Initial stop loss 15 pips.
In the pictures Scalping action.