Forex CCI PRSI Trading Strategy
Forex CCI PRSI Trading Strategy:
CCI with PRSI is a trend momentum breakout system. In this system there is also an indicator of range that is an plus but this is optional, you can use when you are expert with this system.
This template cam be used also with binary options high/low.
Expiry time 2-3 candles.
Time frame 30 min or H1.
Financial markets: any.
Metatrader Indicators
daily open line,
Metal Range,
CCI with PRSI (CCI period 14, RSI period 14, time frame H1),
joker filter smooth period 5.
Trading Rules CCI with PRSI
Buy
Open positions when the CCI cross above the line at level 10.
Watch the ranges for market sentiment and price direction (up direction),
Joker filter green bar.
Price above daily open line
Sell
Open positions when the CCI cross below the line at level -10.
Watch the ranges for market sentiment and price direction (down direction),
Joker filter red bar.
Price below daily open line
Exit position
Profit target 10-20 pips depends by time frame and currency pairs.
Place initial stop loss on the previous swing.
This is a winning system.
It may give some false signal in the side ways market.
The system needs to practice because it is discretionary.
Observe stop loss.
This template always offers a new opportunity for gain.
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 PRSI Trading Strategy?
- Download Forex CCI PRSI 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 PRSI 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”.
