CCI Trend Reversal Trading Strategy is a profitable trading system with accurate signals based on CCI and resistance and support zones.
The CCI Trend Reversal trend trading strategy is based on the use of support and resistance zones in combination with a modified CCI indicator and two options for direction indicators.
Input parameters
- Currency pairs: any
- Timeframe: M30 and older (M30 and H1 recommended)
- Bidding Time: Any
- Risk management: choose a lot size so that the risk is no more than 2-5% of the deposit per transaction
Indicators Used
- Half Trend 1.02 (amplitude 2)
- Super Dem draw imortant area of support and resistance
- Color levels
- Kh trade monitor
- Simple moving average (50, close)
- Zig Zag (6.5.3)
- 1-2-3 patterns V.6
- I-profit 2.1
- CCI Wodie Panel Heart (14, 16, 26, 5)
- CCI Wodie Panel Heart (100, 6, 25, 5)
Installation of indicators and system template
- Unpack the archive with templates and indicators
- Copy the indicators to the MQL4 folder -> indicators
- We copy the templates to the templates folder
- Restart the terminal
- Open the chart of the desired currency pair
- Install the template with the name CCI Trend Reversal
The graph should look like this:
Signals indicating the opening of a buy position
- the lines of both indicators are above the zero level;
- the price pushed up from the support zone;
- an up arrow appeared on one of the arrow indicators.
Signals indicating the opening of a sell position
- the lines of both indicators are below zero;
- the price pushed up from the support zone;
- an up arrow appeared on one of the arrow indicators.
Setting Stop Loss and Take Profit
- Stop loss is set several points above / below the signal candle;
- Take profit is set at one of the support or resistance levels. It is recommended to close the position when the arrow appears in the opposite direction.