Forex Super CCI Breakout Trading Strategy
Forex Super CCI Breakout Trading Strategy;
Time frame: 15 or higher.
Currency Pairs: all.
CCI 20 Commodity Channel Index, Period 20, Typical Price
The Wave (EMA34 High, EMA34 Close, EMA34 Low)
Long Entry
Price was above the Wave for some time.
(above the Wave-top)
● Price entered the Wave.
Price was above the Wave and then crossed the Wave-top downward.
● CCI crossed +100 line upward; A POSSIBLE LONG ENTRY SIGNAL on the next candle open.
This is a good signal to go long on the next candle open. But be careful…
● “Five bars check” rule.
Check that CCI was below the +100 line for at least five bars before the cross.
● Check that the market is trending up now.
Check that the price is above the Wave-bottom as with the first rule.
● Buy now!
If all above is filled, buy as new candle opens.
Short entry
● CCI crossed the -100 line downward.
Look at CCI when the candle has closed. Was it above the -100 line for at least five bars? Is it
below the -100 line now? If yes, continue to the next step. We have to check market conditions.
● Is price trending down?
Is price below the Wave-top? (Stick with our definition! Don’t let your feeling or intuition to define the trend! Trend definition is a mechanical task here, although sometimes counter intuitive.) If yes, go to the next step.
● Do you see a valid swing pattern?
Train your eyes on the first few trades and you will see the swing pattern subconsciously without reviewing the rules. Review: price was below the Wave and then entered the Wave (in other words, price crossed the Wave-bottom upward
● Sell now!
And prepare your exit targets…
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 Super CCI Breakout Trading Strategy?
- Download Forex Super CCI Breakout 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 Super CCI Breakout 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”.
