CCI
retracement trading
is a trend-momentum strategy. This trading system is very symple and
higly accurate.
Time
Frame 5 min or higher.
Markets:
Forex and Indicies.
Indicators:
commodity
channel Index (CCC, 25 period);
Simple
moving average (SMA, 200 period).
Trading
rules CCI retracement trading
Long
Entry
The
current price will be above 200 simple moving average and buy when
Commodity Channel Index 25 gets -100 level.
Short
Entry
The
current price will be below 200 simple moving average and sell when
Commodity Channel Index 25 gets -100 level;
Profit
Target 40 pips, Initial stop loss on the previosu swing high/low or
Stop loss 40 pips, Risk, ratio 1:1..
CCI Retracement Trading |
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