CCI swing - FOREX strategy

Forex trading strategy with extremely tight stop loss. CCI forex indicator  is used as overbought/oversold indicator with intention of using price movement momentum. In addition, exponential moving average is used to improve performance in trending market. This forex strategy also uses break even stop loss placement, as a method of remaining in risk free positions for as long as possible.

 

 

 

Forex indicators used in strategy

Exponential moving average, 7 (yellow), 21 (red),

Smoothed moving average 200 (green)

CCI (commodity channel index) period 21

Timeframe 1H

Forex currency pair: any of the majors

 

Forex strategy rules:

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

SELL

 

  1. EMA 7 trending below EMA 21 (downtrend). Both below Smoothed moving average 200.

  2. CCI falls under -100 line.

  3. We wait for first bullish candle to be closed, we enter sell position.

  4. We wait for consecutive candle to be closed to set up our stop loss and take profit.

  5. Bearish candle: Position is in profit we move our stop loss to break even.

  6. Bullish candle: Exit the position immediately.

  7. Flat candle : we wait for next clear bullish or bearish candle than act upon it.

  8. Take profit: CCI getting into + 100 zone. Or EMA 7 crossing EMA 21 upwards.

 

BUY

  1. EMA 7 trending above EMA 21 (uptrend). Both are above smoothed moving average 200.

  2. CCI rises above 100 line.

  3. We wait for first bearish candle to be closed, we enter buy position.

  4. We wait for next candle to be closed to set up our stop loss and take profit.

  5. Bullish candle: Position is in profit we move our stop loss to break even.

  6. Bearish candle: Exit the position immediately.

  7. Flat candle : we wait for next clear bullish or bearish candle than act upon it.

  8. Take profit: CCI getting into - 100 zone. Or EMA 7 crossing EMA 21 downwards

 

 

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