CCI Forex Support and Resistance Strategy

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CCI Forex Support and Resistance Strategy

This system works on a 15minute timeframe and applicable to any currency pairs.

Forex Indicators:

  • CCI Custom Candle;
  • Support and Resistance;
  • MTF Trend envelopes 240;
  • MTF Trend envelopes 60;
  • All Pivots;
  • CCI 14 (leve buy 75, level sell -75);

Rules:

  • Trade only in the direction of the trend.

Long Entry:

  • CCI Custom Candle Aqua.
  • MTF Trend envelopes 240 an 60 below the candles,
  • CCI14 above the level 75.

Short Entry:

  • CCI Custom Candle red.
  • MTF Trend envelopes 240 an 60 above the candles,
  • CCI14 below the level – 75.

Exit positions:

There are 3 options to exit:

  • On the pivot levels
  • with profit target predetermined, depends by currency pairs.
  • 3 pips before level support or resistance.

Stop loss must be 5 pips above or below MTF trend envelopes 60.


Forex Trading Strategies Installation Instructions

CCI Forex Support and Resistance Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

CCI Forex Support and Resistance Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.

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How to install CCI Forex Support and Resistance Strategy?

  • Download CCI Forex Support and Resistance 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 onTemplate
  • Move right to select CCI Forex Support and Resistance Strategy
  • You will see CCI Forex Support and Resistance Strategy is available on your Chart

*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.

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