Double cci trading strategy
I have not tested the system extensively.
I do not have the resources to back test this system and get the drawdowns/ratios you mentioned. Yes, these factors are important. As a turnaround, I am trying this system using MT4 platform manual trading and linking it to myfxbook to get the system results.
CCI like others - is put in the category of oscillators; However, the method to use CCI profitably, as i put forward in my article above, makes it even better at having an edge in trading at almost all types of conditions [except news time];
wrt to your question about statistics: Iam in the process of gathering some back test result [i need a reliable software/site to do so].
Double CCI Forex Scalping System.
Take advantage of rapid movements on smaller timeframe’s such as the 1 minute and 5 minute charts with the Double CCI scalping system strategy. Let’s get started with the used trading indicators.
Indicators: RSIOMA_v2, 2MA Crossover, Heiken_Ashi_Exit, DoublecciWoody, #SpudFibo.
Time frame(s): 1 Min, 5 Min.
Trading sessions: All.
Currency pairs: All.
How The Scalping Strategy Works.
The illustration below clearly shows you how this strategy works. This system issued 2 profitable buy signals for a total 60 pips profit.
Double CCI Trade Entry Rules.
UpTrend ((Price above Heiken Ashi) TrendCCI Green Colored RSIOMA above 65.
DownTrend (Price below Heiken Ashi) TrendCCI Red Colored RSIOMA below 45.
Double CCI Target & Stop-loss placement.
Targets: 10-25 pips.
Stop-loss: 10-15 pips.
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Double cci trading strategy
***** If anyone is interested in discussing the technicalities of trading with the dual CCI sytem, I'm game! I will frequently check this forum to see if anybody has come alive.
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By the way, the same set-ups that you get using the 6- and 14- day CCIs are EXACTLY the same as the ones produced by the 6- and 14- day exponential moving averages . If you doubt me, check it out in your charting system.
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***** If anyone is interested in discussing the technicalities of trading with the dual CCI sytem, I'm game! I will frequently check this forum to see if anybody has come alive.
Joel Pozen who claims to be an expert at Price/Vol, and undertakes tutoring.
at enormous cost employs the 6 and 14CCI, he also has 2 moving averages which are employed to emulate 14CCI.
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" Remember " is being used as the imperative or command form of the verb to remember, appropriately.
EMACCI Trading Strategy.
The EMA or exponential moving average is a very reliable trading indicator. In fact it is one of the most popular of trading indicators available and there are many different types of trading strategies that can be built from the EMA indicator alone.
EMACCI Trading Strategy , as the name suggests is a very simple trading strategy that makes use of two exponential moving averages and the CCI oscillator . This strategy can work in both intraday trading as well as swing trading. In other words, the EMA and CCI trading strategy works in both smaller as well as higher time frames.
EMACCI Trading Strategy Rules.
40 EMA must be above 80 EMA Go long when CCI crosses 0 from below Stop loss can be either fixed 20 – 30 pips or just below the recent low before the EMA cross over Take profit can be again fixed or trailed with the 40 EMA.
40 EMA must be below 80 EMA Go short when CCI crosses 0 from above Stop loss can be either fixed 20 – 30 pips or just above the recent high before the EMA cross over Take profit can be again fixed or trailed with the 40 EMA.
The candlestick marked with the down arrow shows the area when the 40 EMA is already above 80 EMA. We then wait for CCI to rise above 0, which is marked by the up arrow in the CCI indicator window A long entry is placed at the high of the candlestick, with stop loss placed at the low just prior to the EMA cross over. Take profit is a trailing stop near the 40 EMA The above trade gave a very good 70 pip risk with a 292 pip profit.
After the 40 EMA falls below the 80 EMA we then wait for the CCI to fall below 0 line After CCI falls below the 0-line a short position is taken with stops just near the recent high Take profit is trailed along the 40 EMA, which in this case resulted in a quick 39 pip profit.
The Double EMA and CCI strategy is a very simple and easy to trade with forex trading system. With enough practice, traders will be able to turn this simple strategy into a very profitable one.
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