CCI retracement trading - forex trading hours indicator mt4

CCI retracement trading ~ forex trading hours indicator mt4

CCI retracement tradingis a trend-momentum strategy. This trading system is very symple and higly accurate.

Time Frame 5 min or higher.

Markets: Forex and Indicies.

Indicators:

commodity channel Index (CCC, 25 period);

Simple moving average (SMA, 200 period).

Trading rules CCI retracement trading

Long Entry

The current price will be above 200 simple moving average and buy when Commodity Channel Index 25 gets -100 level.

Short Entry

The current price will be below 200 simple moving average and sell when Commodity Channel Index 25 gets -100 level;

Profit Target 40 pips, Initial stop loss on the previosu swing high/low or Stop loss 40 pips, Risk, ratio 1:1..

CCI Retracement Trading

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