Forex Support Resistance CCI Trading Strategy

Forex Support Resistance CCI Trading Strategy

Forex Support Resistance CCI Trading Strategy:

Forex Support Resistance CCI Trading Strategy

Time Frame 15 min and higher;

Currecncy pairs:any.

Indicators:

CCI Custom Candle;

Support and Resistance;

MTF Trend envelopes 240;

MTF Trend envelopes 60;

All Pivots;

CCI 14 (leve buy 75, level sell -75);

Rules

Trade only in the direction of the trend.

Long Entry:

CCI Custom Candle Acqua, MTF Trend envelopes 240 an 60 below the candles,

CCI14 above the level 75.

Short Entry

CCI Custom Candle red, MTF Trend envelopes 240 an 60 above the candles,

CCI14 below the level – 75.

Exit positions:

3 options

  1. On the pivot levels
  2. with profit target predetermined, depends by currency pairs.
  3. 3 pips before level suppor or resistance.

Place stop loss: 5 pips above or below MTF trend envelopes 60.

Exit positions:

3 options

  1. On the pivot levels
  2. with profit target predetermined, depends by currency pairs.
  3. 3 pips before level suppor or resistance.

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 Support Resistance CCI Trading Strategy?

  • Download Forex Support Resistance CCI 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 Support Resistance CCI 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”.

Download Free Forex Support Resistance CCI Trading Strategy

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