Forex CCI Contrarian Method Swing Trading Strategy
Forex CCI Contrarian Method Swing Trading Strategy;
CCI Contrarian Trading System is based on Two CCI Indicators (Commodity channel Index).
Currency pairs: Majors (EUR/USD, USD/CHF, EUR/CHF, USD/JPY, AUD/JPY, AUD/USD, AUD/NZ).
Time frame H1 or higher.
Metatrader Indicators:
CCI NUF (20, 100);
CCI JuriK Indicator ( 6,5, level 100 and – 100 smooth phase 5, ).
Rules for CCI Contrarian Trading System
Buy
Wait red bar on the CCI NUF, after entry buy at the first buy arrow of the CCI Jurik Indicator.
Sell
Wait green bar on the CCI NUF, after entry buy at the first sell arrow of the CCI Jurik Indicator.
Note: (You can make two consecutive trades in the same direction.)
Look for currencies pair that are not in trend but at the side.
Search by ADX or an indicator of strength of currencies.
Exit Position options:
Exit at the next arrow in the opposite direction.
Exit with profit target that depends by currency pairs an the time frame 8for example EUR/USD TF H1 11 pips, TF H4 16 pips).
Initial stop loss 15 25 pips on time frame H1 and 25-40 pips time frame H4.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex CCI Contrarian Method Swing Trading Strategy?
- Download Forex CCI Contrarian Method Swing Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex CCI Contrarian Method Swing Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
