Trend Wave with CCI is a trend-momentum
strategy based on 34 EMA moving average and Commodity Channel Index.
This is a day trading and swing forex strategy.
Time frame 15 min, 30 min, 60 min.
Forex Indicator
Trend Wave is formed by:
34 EMA close;
34 EMA low;
34 EMA low.
Commodity Channel Index (21, period,
close).
Tradig Rules
Buy
Price above the EMAs.
Commodity channel Index above the 100
level.
Re-enter if the CCI come back at the
bottom.
Initial stop loss below the 34 EMA low.
Profit target ratio stop loss 1:15
Sell
Price below the EMAs.
Commodity channel Index below the 100
level.
Re-enter if the CCI come back at the
top.
Initial stop loss above the 34 EMA
high.
Profit target ratio stop loss 1:15.
In the pictures trading examples with Trend wave and CCI
Post a Comment