Cci best forex indicator
How do I use Commodity Channel Index (CCI) when creating a forex trading strategy? | Investopedia
First and foremost, CCI forex floor trader system works best in a trending environment. The system is made up of two simple moving averages and the Commodity Channel Index indicator. Click here to download the CCI Forex Floor Trader System.
Enter long if 4SMA crosses 26 SMA from below and CCI crosses back above 0. Enter short if 4SMA crosses 26 SMA from above and CCI crosses back below 0.
Initial stop loss is placed 1 pip below the most recent swing low. Initial stop loss is placed 1 pip above the most recent swing high.
Commodity Channel Index (CCI) | Forex Indicators Guide
Preferred Take Profit Methods: Six bars later, the CCI indicator goes back below 0. We enter short at market on the close of the candlestick.
Nine bars later, CCI goes back above 0 and we enter long at cci best forex indicator on the close of the candlestick. We enter long at 1.
Our stop bh dg systematic trading llp is placed 1 pip below the most recent swing low at 1. In this situation our stop loss is 42 pips away from our entry at 1. Currently you have JavaScript disabled.
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