Breakout Strategies - CCI Forex Breakout Strategy
This is a breakout strategy that focuses on a 15 minute timeframe or higher and applicable to all pairs.
CCI 20 (Commodity Channel Index, Period 20, Typical Price)
The Wave (EMA34 High, EMA34 Close, EMA34 Low)
Uptrend: The price has already crossed the Wave upward and the price is above the Wavebottom.
Downtrend: The price is below the the Wave-top.
Price must be above the wave for some time.
Price entered the Wave.
Price is above the wave then it will cross the wave-top downward.
Enter long on the next candle when CCI crosses +100 line upward.
CCI is below the +100 line for at least five bars before the cross.
Market must be trending up.
Check that the price is above the wave-bottom as with the first rule.
Buy at opening of the new candle when above conditions are met.
CCI must crossed the -100 line downward.
The candle must close below -100.
The market must be trending down.
The price must be below the wave-top.
Have a valid swing pattern.
To exit position:
Place the profit target at Fibo Pivot;
Stop Loss at level meddle wave.
How to install CCI Forex Breakout Strategy?
Download CCI Forex Breakout Strategy.zip
Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
Copy tpl file (Template) to your Metatrader Directory / templates /
Start or restart your Metatrader Client
Select Chart and Timeframe where you want to test your forex strategy
Right click on your trading chart and hover on “Template”
Move right to select CCI Forex Breakout Strategy
You will see CCI Forex Breakout Strategy is available on your Chart
Click here below to download:
August 07, 2019
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