Forex CCI Stochastic Retracement Trading Strategy
Forex CCI Stochastic Retracement Trading Strategy:
Currency Pairs: all
Time Frame: 15 or higher, best daily.
set to 40 HLC/3 line at 0.00
set to K – 5 D – 3 Slowing -2 Price field low /high ma – simple ….line at 50
This is simple stuff but with the stop at swing high or low we have a good support or resistance..also we only want an average move in our direction.
Like all my systems identify the main direction and enter on a retracement
If CCI above zero we look for long CCI below zero we look for short.
CCI is above 0.00 stochastic moves below 50 and ticks up the tick up hasnt got to finish above 50
Enter on a green candle,if red then you can enter the following day but no more and only of green.
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 Stochastic Retracement Trading Strategy?
- Download Forex CCI Stochastic Retracement 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 Stochastic Retracement 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”.