Forex trading strategy with extremely tight stop loss. CCI forex indicator is used as overbought/oversold indicator with intention of using price movement momentum. In addition, exponential moving average is used to improve performance in trending market. This forex strategy also uses break even stop loss placement, as a method of remaining in risk free positions for as long as possible.

Forex indicators used in strategy
Exponential moving average, 7 (yellow), 21 (red),
Smoothed moving average 200 (green)
CCI (commodity channel index) period 21
Timeframe 1H
Forex currency pair: any of the majors
Forex strategy rules:
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SELL
EMA 7 trending below EMA 21 (downtrend). Both below Smoothed moving average 200.
CCI falls under -100 line.
We wait for first bullish candle to be closed, we enter sell position.
We wait for consecutive candle to be closed to set up our stop loss and take profit.
Bearish candle: Position is in profit we move our stop loss to break even.
Bullish candle: Exit the position immediately.
Flat candle : we wait for next clear bullish or bearish candle than act upon it.
Take profit: CCI getting into + 100 zone. Or EMA 7 crossing EMA 21 upwards.
BUY
EMA 7 trending above EMA 21 (uptrend). Both are above smoothed moving average 200.
CCI rises above 100 line.
We wait for first bearish candle to be closed, we enter buy position.
We wait for next candle to be closed to set up our stop loss and take profit.
Bullish candle: Position is in profit we move our stop loss to break even.
Bearish candle: Exit the position immediately.
Flat candle : we wait for next clear bullish or bearish candle than act upon it.
Take profit: CCI getting into - 100 zone. Or EMA 7 crossing EMA 21 downwards