CCI 50 System (CCI 50 System) | Foreign Exchange EA Download- MT4/MT5 Resources

First let me state that this is not my original work.

I took it directly from Dr. Bob's approach to Emini futures.

Dr. Bob was a regular at Woody's CCI Club, and as far as I know, he invented this method.

I don't believe I've seen this applied to Forex before.

It seems to work very well - better than futures. For Forex, a breakout above 0 is much cleaner.

The chart I'm showing is for GBP/USD 15 million. Although it looks good on all time frames.

There are three types of entrance signals.

These require a long entrance. The opposite is true for short entrances.

1. CCI 50 breaks through the zero line. CCI 14 must also be above its zero line and price must close above the 34EMA.

2. Zero line rejection for the first time after CCI 50 crossed zero.

CCI50 has crossed zero. Then CCI 50 or CCI 14 breaks below +100 and recovers.

3. Slingshot - CCI 50 is above the zero line.
CCI 14 fell below -75, moving up and crossing zero.

It's up to you to quit. Dr. Bob also couldn't decide when to quit. The entrance is great though.

The loser on the right side of the chart is the news bar, which I wouldn't trade anyway.