Double CCI Woody Forex Scalper Oscillator Indicator For Metatrader 4

The Double CCI Woody Forex Scalper Oscillator indicator for Metatrader 4 is an excellent scalper that can bring good profit on a daily basis.

Some scalpers report over 75% winning trades.

The indicator provides you with multiple profitable entry points in an existing up or down trend.

It consists of a colored histogram that oscillates above and below the zero level.

It’s recommended to trade with it during the London and US session for best performance.

It can be traded as a standalone scalping indicator or used together with other technical indicators.

Just load the Double CCI Woody Scalper Oscillator indicator onto the Metatrader 4 chart and start trading with it in minutes.

Key Takeaways

  • A bullish scalper trend occurs when the indicator trades above the zero level (green bars).
  • A bearish scalper trend occurs when the indicator trades below the zero level (red bars).
  • Use on the low spread currency pairs, for instance, EUR/USD, USD/JPY, GBP/USD,…
  • Works best for scalping purposes.

Feel free to explore the Double CCI Woody Oscillator Scalper Forex indicator’s different parameters and settings to create your own personalized indicator setup.

Download This MT4 Forex Indicator Free

Download the “double-cci-woody-oscillator.ex4” Metatrader 4 indicator

Indicator Example Chart (EUR/USD M15 Chart Example)

Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.

Finding Buy and Sell Triggers With The Double CCI Woody Scalper Oscillator MT4 Forex Indicator

Buy Signal: Open a buy scalper trade when the Double Woody Forex Scalper indicator bars turn back to green color. The short-term trend is now upward (see chart example).

Set your stop loss below immediate support, or use your own favorite stop loss method.

Close the buy trade for 10-20 pips profit, or use your own favorite take profit method.

Sell Signal: Open a sell scalper trade when the Double Woody Forex Scalper indicator bars turn back to red color. The short-term trend is now downward (see chart example).

Set your stop loss above immediate resistance, or use your own favorite stop loss method.

Close the sell trade for 10-20 pips profit, or use your own favorite take profit method.

Download This Forex Indicator Now

Download the “double-cci-woody-oscillator.ex4” MT4 indicator

Adjustable Parameters

Trend CCI, entry CCI period, trend period, count bars, zero cross alert, colors, width, style.

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.

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