I scalp EURUSD in MonDay, TuesDay, WednesDay (because in ThirdsDay
and FriDay have impotant news, it so violate to scalp)
I use two indicators BB and CCI:
- if lastCalendar.High > upperBand and CCI < 120 open short position
- if lastCalendar.Low > lowerBand and CCI > -120 open long position.
My default stop loss is 300 pips and take profit 20 pips. If take
profit lager than 5 pips i trailing stop to -1pips with 1 pips
increase.