RSIOMA And CCI Forex Trading System
The RSIOMA and CCI is a forex trading strategy that is based on RSIOMA indicators with EMA or exponential moving average and CCI. The suitable timeframe for this method is 15 minutes or higher and this works best in all currency pairs.
MT4 Indicators:
- 6 EMA,
- 34 EMA,
- RSIOMA v.2 (14),
- CCI (14)
Long Entry:
- 6M is greater than 34 EMA
- RSIOMA is greater than 80.
- CCI greater than 100.
Short Entry:
- 6M is less than 34 EMA.
- RSIOMA is less than 20.
- CCI is greater than -100
Exit Position:
For Buy when RSIOMA cross down;
For Sell when Rsioma Cross up.
Place Stop loss 2 pips above or below ema.
Predetermined Profit Target ratio 1:2 with stop loss (if stop loss is 30 pips the profit target is 60 pips.
Note: If on is earnig 60 pips is recommended to insert the trailing stop of the 20 pips.
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