Virtuosity A

MT4 Expert Advisor

€̶1̶4̶9̶.̶0̶0̶

€74.90

Universal RSI and CCI FOREX strategy

This forex strategy uses two similar oscillators, in a different way, at the same time. Taking advantage of trend identification properties of RSI and immediate price reaction sensitivity of CCI. Together they create a robust forex strategy applicable on most currency and timeframes above 5 minutes.

It can be used both with conservative approach to trade the markets and ride a trend, or as a aggressive scalper in 5 minute timeframe, taking advantage of rapid price movements and adding to the winner.

On all timeframes it keeps its favorable risk reward ratio due to the tight stop loss and ability to remain in a trade for long period of time.

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.

Used forex indicators

  • RSI (relative strength index) 30. Additional 50 line is used to separate uptrend from downtrend and to filter out ranging conditions. Use thick gray line to draw all three of RSI lines (70,50,30).

  • CCI (commodity channel index) 6. CCI will help us time our entry by finding temporal swings upwards downwards, that can offer the best price for entering the trend following trade.

Apply both indicators in timeframe from 5 minutes (for scalping) to 1 Hour (day trading) up to 4 H for positional trading.

Forex strategy rules.

SELL:

RSI trending clearly below 50 line. This will signalize downtrend (downwards momentum). We will enter only short trades.

Universal RSI and CCI FOREX strategy

Entry signal: CCI touching 100 line. We wait for first clearly bearish candle to close to enter our trade. Stop loss is placed above the entry formation high.

Take profit: RSI touching 50 line from below.

Adding to winner:

Another position can be only opened on lower price. We move stop losses of all opened positions at latest signal stop loss. Previous positions must be in profit in case stop loss gets triggered (already gained profit of opened positions are protected).

BUY:

RSI trending clearly above 50 line. This will signalize uptrend (upwards momentum). We will enter only long trades.

Universal RSI and CCI FOREX strategy

Entry signal: CCI touching - 100 line. We wait for first clearly bullish candle to close to enter our trade. Stop loss is placed below the entry formation low.

Take profit: RSI touching 50 line from above.

Adding to winner:

Another position can be only opened on higher price. We move stop losses of all opened positions at latest signal stop loss. Previous positions must be in profit in case stop loss gets triggered (already gained profit of opened positions are protected).

ABOUT US