Hello trades, nice to see you in this article. today i have some special trading strategy for you. i hope this is very uncommon methods that you never turn your idea. lets go ahead with your MT4/5 chat and insert CCI (commodity channel index) indicator.
Strategy Outline
CCI Indicator: Use the Commodity Channel Index (CCI) with a period of 100 and apply to typical price (HLC3). for color and lines you can use your own styles. make sure you insert this indicator to bottom window like RSI indicators. you can keep a level 10 at bottom and 90 upper level.
Buy Condition: Open a buy order when the CCI value is below -380. you can check this CCI line when touching 10 level.
Sell Condition: Open a sell order when the CCI value is above 380. this value is similar to 90 level.
Grid and Martingale Method: you can use optionally unless you wish to use a SL for every orders.
- Grid: If the first trade is a loss, open a second trade in the same direction with a distance of 2500 points.
- Martingale: The position size of the second trade will be larger (e.g., multiplied by 1.2).
Take Profit (TP): Set the TP to 500 points for both trades. if you wish to hold the order always use breakeven.
No Stop Loss (SL): Do not use Stop Loss. this is only for high experienced traders who understand the martingle methods.
Use the CCI signal for buying and selling; only open additional trades if the previous ones are at a loss and meet the grid distance condition. this trading strategy works with all kind of intruments like forex, crypto, commodities and deriv also the binary platfrom. be sure use stop loss to use the trading strategy at different platform.
Always use a demo testing before using the setup in actual market. this tutorial for education purpose only not a financial advice. forex and CFD is high risk business so be aware before playing with actual money.
