The CCI MTF with OsMA Forex scalper combines the Commodity Channel indicator (CCI) with OsMA.
It’s a fantastic scalping tool that delivers good results on any time frame.
All calculations are done for you, just follow the buy and sell arrows that appear in real-time on the chart.
After loading the indicator to the Metatrader 4 platfom, the arrows will appear on the activity chart.
For your reference, this scalper will also draw the histogram underneath the main chart.
For best performance, trade in the direction of the overall trend.
Key Takeaways
- A green colored arrow represents a buy trade opportunity.
- A magenta colored arrow represents a sell trade opportunity.
- Trade in the overall trend direction to avoid most unprofitable signals.
Learn below how to open buy and sell trades with the CCI MTF with OsMA Forex Scalper MT4 Indicator.
Free Download
Download the “cci-os-ma-mtf-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (USD/JPY M5 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 MTF With OsMA Forex Scalper Indicator For MT4.
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Initiate a buy trade when the indicator prints a buy arrow on the chart.
Set stop loss below most recent support, or use your own favorite SL method.
Exit long trade for a reward/risk ratio of 1.0 or better, or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed take profit, for instance, +12 pips on the M1 chart.
Sell Trigger: Initiate a sell trade when the indicator prints a sell arrow on the chart.
Set stop loss above most recent resistance, or use your own favorite SL method.
Exit short trade for a reward/risk ratio of 1.0 or better, or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed take profit, for instance, +18 pips on the M5 chart.
Download This Forex Indicator
Download the “cci-os-ma-mtf-indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
Time frame, signal MTF, fast CCI, slow CCI, show signal, arrow bar, cross level, arrows, alerts, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Usage
The CCI MTF with OsMA indicator can be utilized as a standalone scalping trading system or strategy.
It can also be combined with trend indicators (moving averages, Bollinger Bands,..), technical oscillators (RSI, MACD,..) and 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: scalping
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
