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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.

CCI swing - FOREX strategy

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:

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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

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

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