Trend Wave with CCI

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