CCI & MA Channel (CCI & MA Channel) | Forex indicator download- MT4/MT5 resources
This is the latest version of my trading system. I've only been using it for two weeks, but it contains well-known ingredients. I have high expectations for the system.
Over time I tried every indicator available and I found that CCI must be the root of any system I made. It is very good to identify changes in trends and the beginning of new trends, which makes it possible to make some profits.
In this system I have this rule: the signal must wait to pass the MA channel.
index:
CCI30
EMA30high and EMA30low - channels.
rule:
Trigger: When CCI crosses the zero line.
Entry: Wait for the closing of the bar in the CCI direction outside the channel. Avoid trading gold bars that are too large. TP 1:1 is difficult to achieve.
SL: The other side of the channel or the last swing.
Note: I didn't put the actual SL. I did emergency SL at a distance. Then, if the calculated stop loss is reached only by the closed bar, I close the trade manually. This way I avoided a lot of damage from annoying wicks.
Profit: 1:1.
Timeframe: Any, but I expect H4 to be the safest TF.
Timeframe: Using H4, I start trading on Monday at the London Open. I quit everything and stopped trading on Thursday evening.
On smaller bars - H1 and below, I trade London.
This is the simplest system I have ever traded. But wait - there's more. You must choose the right trading instrument. I do this every Sunday. I will demonstrate this program tomorrow as I prepare my trades for next week.
I now trade H4 on a real money account using small amounts of money. I made some trades on H1 and as a brick. I have a reason to make a test bot, otherwise I won't be able to process all transactions.
Over time I tried every indicator available and I found that CCI must be the root of any system I made. It is very good to identify changes in trends and the beginning of new trends, which makes it possible to make some profits.
In this system I have this rule: the signal must wait to pass the MA channel.
index:
CCI30
EMA30high and EMA30low - channels.
rule:
Trigger: When CCI crosses the zero line.
Entry: Wait for the closing of the bar in the CCI direction outside the channel. Avoid trading gold bars that are too large. TP 1:1 is difficult to achieve.
SL: The other side of the channel or the last swing.
Note: I didn't put the actual SL. I did emergency SL at a distance. Then, if the calculated stop loss is reached only by the closed bar, I close the trade manually. This way I avoided a lot of damage from annoying wicks.
Profit: 1:1.
Timeframe: Any, but I expect H4 to be the safest TF.
Timeframe: Using H4, I start trading on Monday at the London Open. I quit everything and stopped trading on Thursday evening.
On smaller bars - H1 and below, I trade London.
This is the simplest system I have ever traded. But wait - there's more. You must choose the right trading instrument. I do this every Sunday. I will demonstrate this program tomorrow as I prepare my trades for next week.
I now trade H4 on a real money account using small amounts of money. I made some trades on H1 and as a brick. I have a reason to make a test bot, otherwise I won't be able to process all transactions.
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