True CCI MTF Forex Scalper MT4 Indicator
The True CCI MTF Forex scalper is based on CCI and works on multiple time frame analysis.
This scalper delivers good results across all time frames and pairs.
After loading the true CCI MTF scalper onto the chart, the indicator will draw the buy and sell arrows on the chart.
So, it’s very easy to use, even for beginners.
For best performance, trade in the direction of the overall trend.
- An aqua colored arrow represents a buy scalper trade opportunity.
- A magenta colored arrow represents a sell scalper trade opportunity.
- Works great for scalping the most volatile trading sessions (London & US).
Learn below how to open buy and sell trades with the True CCI MTF Forex Scalper MT4 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 True CCI MTF Forex Scalper Indicator For MT4.
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy scalper trade when the True CCI MTF indicator prints a buy arrow on the chart.
Set stop loss below immediate support, or use your own favorite SL method.
Exit long trade for a reward/risk ratio of 1.5 or better, or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed take profit, for instance, +10 pips on the M1 scalper chart.
Sell Trigger: Open a sell scalper trade when the True CCI MTF indicator prints a sell arrow on the chart.
Set stop loss above immediate resistance, or use your own favorite SL method.
Exit short trade for a reward/risk ratio of 1.5 or better, or use your own favorite take profit method.
Alternatively, close the sell trade for a fixed take profit, for instance, +15 pips on the M5 intraday chart.
Download This Forex Indicator
Adjustable Parameters & Settings
Time frame, fast CCI, slow CCI, signal, arrows, alerts, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
The indicator can be deployed as a standalone 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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.