This forex strategy doubles up on MACD indicator to properly identify trend. Not only the current trend, but also the trend in long term perspective. Once it gets the edge by establishing which side of the market to trade on, it enters the trade on properly timed CCI signal. Not immediately. Only after correction exhaustion. Strategy can be used both for scalping and steady day trading in forex.

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Strategy was tested on historical data of EURUSD since 2003 with profitable results. This is also one of those forex strategies that can work very well as a scalper, even though it has been tested as a day trading system. The expert advisor is proved freely so you are welcomed to test it both as a scalper and as a day trading system.
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Used tools and indicators
Following settings were used to achieve test results published in the screen shots. There are 1000+ more profitable settings for this strategy according to optimization data.
Break even conditions. After the position reaches the predetermined profit. Stop loss is placed on price of entry. This will avoid possibility of profitable position turning loser.
Forex strategy rules
SELL

Both MACD histograms trending below zero. This will confirm both major and current downtrend. We will be looking for a short entry only.
Primary signal: CCI rising above 100 line.
Signal confirmation: CCI falling back below 100 line. Candle close. Both MACD still below zero line.
Stop loss: 60 pips
Take profit: 70 pips
Break even: 50 pips
BUY

Both MACD histograms trending above zero. This will confirm both major and current uptrend. We will be looking for a long entry only.
Primary signal: CCI falling below - 100 line.
Signal confirmation: CCI rising back above -100 line. Candle close. Both MACD still above zero line.
Stop loss: 60 pips
Take profit: 70 pips
Break even: 50 pips
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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.