MT4 Indicators for this strategy
1. Bollinger Bands - MT4
2. i-Div3-CCI-OsMA-Sig.mq4 - indicator super- divergence based on CCI and OsMA
The basic rules of CCI-OsMA Divergence trading strategy
1. The candle, which was formed divergence, must go beyond the Bollinger Bands .
2. Sell, if divergence sell arrow is appear, and the candle with arrow higher than top Bollinger Band.
3. Buy, if buy divergence arrow is appear , and the candle with arrow lower than bottom Bollinger Band.
4. Stop Loss is set at the distance between the Bollinger bands when signal to buy or sell is appear.
5. Take Profit is not used.
6. The position is closed when price will touch opposite Bollinger Band
You can use this strategy for any currency. Recommended timeframe M15. I also received good results on M1 (forex scalping strategy), with active CCI only (OsMA is off) and Bollinger Bands. For forex scalping I can recommend close the position when price will close to opposite Bollinger Band.