This forex trading strategy is called the 1 Minute Forex Scalping Strategy With CCI And Slope Indicator . It is a really simple forex scalping strategy.

How To Setup Your Trading Charts

Here are the indicators you need:

• slope-direction-line (click link to download)
• CCI (35 period)

Timeframe required: 1 minute

Trading Session: London or US

Currency Pairs to Trade: GBPUSD, EURUSD, USDJPY, GBPJPY, AUDUSD, USDCAD, EURJPY

 

Buying (Long) Rules

1. slope direction line is blue
2. price must be above the slope direction line indicator
3. CCI indicator line be greater than +100
4. place stop loss 2 pips below the rising slope line
5. set your take profit targets at 10-20 pips

 

Selling (Short) Rules

1. slope direction line is red
2. price must be below the slope direction line indicator
3. CCI indicator line be >-100
4. place stop loss 2 pips above the rising slope line
5. set your take profit targets at 10-20 pips

The chart below shows and example of how to take a short trade:

 

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