Double MACD and CCI signal forex strategy

As a name suggests. This forex strategy uses MACD forex indicator to gauge the trend and CCI as a signal. But there is more to the success of this trading system. To achieve the best results we double the MACD histogram. Also, CCI is used to measure the market momentum and is coupled with specific candle range.

  Get MT4 Expert Advisor trading this Forex strategy ↴ 

Backtest and optimize for any currency pair. Trade multiple instruments simultaneously, day and night.

Trade automatically, without errors and emotions. Save your time and energy. 

Take profit and stop loss are omitted. Instead strategy liquidates positions according to trailing stop. The TS is adjusted only in the positive trade direction on every candle close.

 

Strategy was tested for profitability on high quality historical data since 2003 and the same expert advisor trading this forex strategy is provided freely by theforexkings for our readers to thoroughly test this trading approach.

 

Forex strategy tools and indicators

 

Moving average convergence divergence (MACD). Histograms (500,250 and 250,100). Two histograms with different calculation period are used to identify trend. They compliment each other well. The slow one is more accurate in reading long term market situations, while fast promptly reacts to any turned changes or reversing trend momentum. This will help us to avoid trading on cycle end.

 

Commodity channel index (CCI 10). CCI will create a momentum signal. Indicators value moving to extreme overbought/oversold zone is a primary trading signal, with other one being a candle with specific size, closing in the direction of trend.

 

Big candle signal (40 to 150 pips). Candle with defined body range (min/max) closing in the direction of our MACD identified trend. We enter the trade on this candle close.

 

Trailing stop (add 30 pips extra deviation). Candle high/low is used for trailing stop. It is adjusted on each candle close only in the positive direction (direction of profitable trade). This is the only method of how to close a trade in this forex strategy.

 

Forex strategy rules

 

SELL

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.

 

Both MACD histogram s trending below zero.

CCI falling below -100 line.

Bearish candle with size (min max) closes. We enter the trade on new candle open. Trailing stop is placed on previous (signal candle) high + extra distance.

 

BUY

 

Both MACD histogram s trending above zero.

CCI rising above 100 line.

Bullish candle with size (min max) closes. We enter the trade on new candle open. Trailing stop is placed on previous (signal candle) low - extra distance.

Get MT4 expert advisor trading this forex strategy

We recommend you to use this forex strategy with one of our trusted forex brokers

(STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

 

Disclaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

 

Please reload

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