Trend Trading Strategy CCI, Dema and RSX
CCI, Dema and RSX trading strategy - is a classical trend system in which the source of the signal for the input is a trend indicator, and as a filter is used oscillator.
The main objective of CCI, Dema and RSX trading strategy is not only to identify the trend and points to open positions, but also to identify sideways trends with effective filters.
Input parameters
- Currency pairs: any
- Timeframe: H1 and older
- Bidding time: any
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- Dema trend indicator (21 or 14 for the daily timeframe)
- Double CCI (Trend 170, entry 34)
- RSX (16)
Setting up the price chart
- Unpack the archive
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Install a template named ccidemarsx
The schedule should look like this:
Signals indicating the opening of a long position
- The green and yellow moving averages crossed the red one from bottom to top;
- The Double CCI indicator line has crossed the zero level from the bottom up;
- The histogram of the Double CCI indicator has a green bar;
- The RSX indicator line crossed the 50 level from bottom to top.
Signals indicating the opening of a short trade
- The green and yellow moving averages crossed the red one from top to bottom;
- The Double CCI indicator line has crossed the zero level from top to bottom;
- On the histogram of the Double CCI indicator a red bar has been formed;
- The RSX indicator line has crossed the 50 level from top to bottom.
Setting Stop Loss and Take Profit Orders
- stop loss is set above/below the previous maximum/minimum;
- Take Profit is set at a minimum ratio of 1:1 to stop-loss or near the resistance or support line of the current trend.
Before using CCI, Dema and RSX trend trading strategy on a real deposit, we recommend that you test it on a demo account.
Download CCI, Dema and RSX trading strategy template and indicators