CCI Candle MA Trend Trading Strategy
CCI Candle MA Trend Trading Strategy is based on moving averages and CCI CustomCandles and Bressert Scalper Improved indicators. Trading is carried out from the pullback to the trend side. The strategy is discussed on the forexfactory.com portal at on this topic.
Input parameters
- Currency pairs: any.
- Timeframe: any.
- Bidding time: any.
- Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.
Setting up the price chart
- Unzip the archive;
- Copy the template to the templates folder;
- Copy indicators to the MQL4 -> indicators folder;
- Restart the terminal;
- Open the chart of the desired currency pair;
- Install a template named R-to-R;
The schedule should look like this:
Signals indicating the opening of a long position (buying)
- The price is above moving averages.
- A pullback consisting of red candles was formed.
- The Bressert Scalper Improved indicator is starting to exit the oversold zone.
- A stop loss is placed under the nearest local minimum.
Signals indicating the opening of a short position (sale)
- The price is below the moving averages.
- A pullback consisting of green candles was formed.
- The Bressert Scalper Improved indicator is starting to come out of the overbought areas.
- The stop loss is placed over the nearest local maximum.
Apparently, the CCI Candle MA trading strategy is a classic system that involves opening a position at the end of a correction within the current trend. However, as an oscillator that determines the overbought levels and the oversoldand trend indicator are the author's indicators. This is certainly the "highlight" of this strategy.
In our opinion, the strategy could use an additional filter that does not allow opening trades against the trend or at the end of a trend wave.
We recommend that you test trend trading strategy CCI Candle MA on a demo account before using it on a real deposit.
Download template and indicators
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