The CCI Angle Forex Scalping Metatrader 4 indicator is an excellent choice for scalping and day trading pairs througout the most volatile sessions.
It’s a triple colored indicator that gives you short-term trend direction for capturing every day pips.
Look to make 7-20 pips per trade with it.
Scalp in the direction of the overall currency trend for better profits.
Key Takeaways
- A green CCI Angle bar represents a bullish scalper trend.
- A red CCI Angle bar represents a bearish scalper trend.
- Stay aside when a yellow CCI Angle bar appears on the MT4 chart.
Learn below how to open buy and sell trades with the CCI Angle Forex Scalping MT4 Indicator.
Free Download
Download the “cci-angle-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (USD/JPY M30 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The CCI Angle Forex Scalping Indicator For MT4.
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy scalp trade when the CCI Angle Scalping indicator for MT4 paints a green bar on the trading chart. Make sure that the overall currency trend is upward.
Place stop loss below short-term support, or use your own favorite SL method.
Exit long trade when a red CCI Angle bar appears on the chart, or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed take profit, for instance, 10-20 pips on the M5 intraday chart.
Sell Trigger: Open a sell scalp trade when the CCI Angle Scalping indicator draws a red bar on the MT4 chart. Make sure that the overall currency trend is pointing downward.
Place stop loss above short-term resistance, or use your own favorite SL method.
Exit short trade when a green CCI Angle bar appears on the chart, or use your own favorite take profit method.
Alternatively, close the sell trade for a fixed take profit target, for instance, 7-12 pips on the M1 chart.
Download This Forex Indicator
Download the “cci-angle-indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
CCI period, angle threshold, shift, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Usage
The indicator can’t be deployed as a standalone trading system or strategy.
Use together with trend indicators (moving averages, Bollinger Bands,..) and/or price action strategies.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: CCI scalping
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
