The Rubicons CCI Cross Scalper indicator for Metatrader 5 creates buy & sell signal arrows based on the CCI and EMA technical indicators.
The indicator pops up in a separate chart as two colored signal lines and buy/sell signal arrows.
In my opinion, the Rubicons CCI Cross indicator works best for scalpers looking for fast trade entries and exits multiple times a day.
How to spot short-term bullish and bearish market trends with Rubicons?
- A green buy arrow is a short-term bullish signal.
- A red sell arrow is a short-term bearish signal.
The following indicator inputs and parameters can be modified: CCI period, EMA period, overbought (100), and oversold (-100).
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
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Rubicons_CCI_Cross.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Rubicons CCI Cross Scalper indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Rubicons CCI Cross Scalper Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal occurs when the green signal arrow pops up on the chart.
- Open a buy trade and place your stop loss 3 pips below short-term support.
- Close the buy trade for 6-15 pips profit, or wait for a sell signal.
Sell Signal
- A sell signal occurs when the red signal arrow pops up on the chart.
- Open a sell trade and place your stop loss 3 pips above short-term resistance.
- Close the sell trade for 6-15 pips profit, or wait for a buy signal.
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Rubicons_CCI_Cross.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Rubicons_CCI_Cross.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration