I am effectively using EMA & CCI for scalping for the past 1 Month.The Results are encouraging.
Entry made in 5 Mins chart Using 288 & 1200 EMA to know trend & momentum and CCI for entry.
[B][U]Entry Rules for Long[/U][/B]
If we want to go long price should be above both 1200 & 288 EMA.Will enter once CCI Moves above -100 from oversold area Provided Difference between entry point & 288 EMA is not more than 25 Pips. (This done to avoid buying Over bought Condition).
Note: 1)1200 EMA (Proxy for 200 EMA in 30 Mins)- This used to Find trend.
2) 288 EMA is average price of last 24 Hours-This used to find Momentum.
Entry Rules for Short[/B][/U]
Vice versa of Long Entry.
Stop Loss & Take profit 30% of Daily ATR with 1:1 Risk Reward Ratio.
Your feedback pls.
[U][B]If can one can make EA with the above conditions it will be useful, Since i am not expert in building EA.[/B][/U]