110# Double CCI and MACD Forex Trading System

While you can simply input the numbers 3,10,16 into your standard MACD, the proper 3/10 uses simple averages. In Sierra charts (fast becoming my top charting platform), there is a drop down menu where you can change the type of average.

MACD 21,89 1 is below zero. CCI 34 set on close 4. When the Strategy Fails This strategy is far from foolproof. The target gets triggered seven hours later, at which time we move our stop on the second half to breakeven and look to exit it when the price trades above the hour SMA by 10 pips. Wanna join the discussion?!

Start Here

While you can simply input the numbers 3,10,16 into your standard MACD, the proper 3/10 uses simple averages. In Sierra charts (fast becoming my top charting platform), there is a drop down menu where you can change the type of average.

You could also enter long when both the CCI 34 and 46 cross the level if conditions 1 — 3 are met. The crossing above the 0 level and level produce separate trade opportunities. Exit when your take profit of 5 pips is met or when the swing point of the Zig - Zag is high or whichever one comes first. Short Trades Sell When 1. The Zig — Zag forms a high swing point and; 2. Both the CCI 34 and 46 cross the 0 line from above and; 3. You can also sell when both the CCI 34 and 46 cross the level if conditions 1 — 3 are met.

The crossing of the 0 level and level produce separate trade opportunities. Exit when your take profit of 5 pips is met or when the swing point of the Zig - Zag is low or whichever one comes first.

Long trades Example 1. Zig- Zag 28,5,3 at low swing point 2. Note that it also crossed from below almost at the same time. The crossing of 0 from below is enough of a signal on its own and so too the cross of from below is a signal on its own. Low swing point of Zig- Zag 2. The cross of either 0 from below or from below or the cross of both 0 and is needed for a long trade. Short Trades Example 1. High swing point of Zig- Zag 2. Macd 21,89,1 below 0 3. Notice that the one of the CCI did not cross , but not to worry, you are safe since the two CCI crossed 0 from above.

Write a comment Comments: This website uses cookies. Cookies improve the user experience and help make this website better. By continuing to use the site, you agree to our cookie policy: In theory, trend trading is easy. All you need to do is keep on buying when you see the price rising higher and keep on selling when you see it breaking lower. In practice, however, it is far more difficult to do this successfully. The greatest fear for trend traders is getting into a trend too late, that is, at the point of exhaustion.

Yet despite these difficulties, trend trading is probably one of the most popular styles of trading because when a trend develops, whether on a short-term or long-term basis, it can last for hours, days and even months. Forex Trading Rules Here we'll cover a strategy that will help you get in on a trend at the right time with clear entry and exit levels.

This strategy is called the moving average MACD combo. The actual time period of the SMA depends on the chart that you use, but this strategy works best on hourly and daily charts. The main premise of the strategy is to buy or sell only when the price crosses the moving averages in the direction of the trend. To learn more, read the Moving Averages tutorial.

However, we do not enter immediately because MACD crossed to the upside more than five bars ago, and we prefer to wait for the second MACD upside cross to get in. The reason we adhere to this rule is because we do not want to buy when the momentum has already been to the upside for a while and may therefore exhaust itself. The second trigger occurs a few hours later at 1.

We enter the position and place our initial stop at the five-bar low from entry, which is 1. Our first target is two times our risk of 28 pips 1. The target gets hit at 11am EST the next day. We then move our stop to breakeven and look to exit the second half of the position when the price trades below the hour SMA by 10 pips.

This occurs on March 20, at 10am EST, at which time the second half of the position is closed at 1. However, most of the downside and even some of the upside signals, if taken, would have been stopped out before making any meaningful profits. Why can't we just trade the moving average cross without the MACD? Take a look at Figure 2. If we took the moving average crossover signal to the downside when the MACD was positive, the trade would have turned into a loser.

The trade sets up on September 16, , when the price crosses above both the day and day SMA. We take the signal immediately because the MACD has crossed within five bars, giving us an entry level of approximately For a beginner like me, it's very useful!

It's simple and I understand it! You cannot post new topics in this forum. You cannot reply to topics in this forum. You cannot delete your posts in this forum. You cannot edit your posts in this forum. You cannot create polls in this forum.