This strategy is pretty straight-forward and easy to understand.
chart: M15
pairs: eurusd and gbpusd
indicators: 200 SMA and CCI 200
buy: when price closes above the SMA and when cci goes above zero, and sell vice versa....
SL is 50 pips....
i will update more later...i will also attach an account to the trade explorer to monitor the progress of the strategy.
paper trading we got a buy signal gbpusd@ 1.6022...SL 50pips@ 1.5972...
updates coming soon...
Things to watch out for, wait for a previous bullish candle on H4 before taking buy signals..and wait for bearish candles on H4 before taking sell signals..
Money management:
0.1 for every $1000
Risk %: 5% for every trade
The TP can range from 50-200pips, depending on price volatility..my recommendation is to close 50% at +50pips, set SL to breakeven,
System update
We are going to consider:
cci (200) > 150 as over-bought
cci(200) < -150 as over-sold.
Exit rules
When a buy signal is noticed (H4 bullish candle, M15 candle closes above the 200SMA, and cci(200) is above zero), we maintain an SL of 50pips, move SL to BE @+50pips and close 50% of position. But if cci (200) goes above the 150 level, it signals an “over-bought” situation, close buy trade(s) as soon as the cci(200) goes back below the 150 level.
For sell trades, when the cci(200) goes below -150, assume “over-sold” situation, close trade(s) as soon as the cci (200) starts to go above the -150 level.
chart: M15
pairs: eurusd and gbpusd
indicators: 200 SMA and CCI 200
buy: when price closes above the SMA and when cci goes above zero, and sell vice versa....
SL is 50 pips....
i will update more later...i will also attach an account to the trade explorer to monitor the progress of the strategy.
paper trading we got a buy signal gbpusd@ 1.6022...SL 50pips@ 1.5972...
updates coming soon...
Things to watch out for, wait for a previous bullish candle on H4 before taking buy signals..and wait for bearish candles on H4 before taking sell signals..
Money management:
0.1 for every $1000
Risk %: 5% for every trade
The TP can range from 50-200pips, depending on price volatility..my recommendation is to close 50% at +50pips, set SL to breakeven,
System update
We are going to consider:
cci (200) > 150 as over-bought
cci(200) < -150 as over-sold.
Exit rules
When a buy signal is noticed (H4 bullish candle, M15 candle closes above the 200SMA, and cci(200) is above zero), we maintain an SL of 50pips, move SL to BE @+50pips and close 50% of position. But if cci (200) goes above the 150 level, it signals an “over-bought” situation, close buy trade(s) as soon as the cci(200) goes back below the 150 level.
For sell trades, when the cci(200) goes below -150, assume “over-sold” situation, close trade(s) as soon as the cci (200) starts to go above the -150 level.
It is possible to make large sums trading, small losses, large wins
