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Preferred Instrument - EURUSDPreferred Timeframe - 4H & aboveBacktest - NoStrategy owner - Loke4300 Risk reward ratio - 1:2; Disclaimer - As with all other systems out there, the success or failure of a technique depends more on trader and his discipline. Try this technique on DEMO account before you decide to implement this on REAL account. I wish to share one of my favorite methods of trading by using the CCI indicator. CCI indicator is best explained here. The system that i present here has NOT been taken from the internet or copied from someone; Is this the holy grail?Far from it. This is just another method of trading. The success or failure of which depends on YOU - the trader. Because YOU are a bundle of mixed emotions, conflicting thoughts and a confused state of mind while trading. If you could achieve DISCIPLINE, any system would work.So, the strategy in brief:Go LONG when CCI indicator has dipped twice below 100 level;Go SHORT when CCI indicator has spiked twice above 100 level;Further Addition 1:Go LONG when CCI indicator has dipped twice below 100 level; AND has turned up;Go SHORT when CCI indicator has spiked twice above 100 level; AND has turned down;Further Addition…
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loke4300 avatar
loke4300 20 Nov.

@Likerty : thank you for reading and commenting on my article. Sure, there's always something new to learn everyday and I am looking forward to reading your article and see if it helps us in our trading pursuit.

Thanks again.

fxigor avatar
fxigor 20 Nov.

I read that CCI indicator is used for commodities. What is your oppinion and statistics about CCI indicator asnd major forex pairs?

loke4300 avatar
loke4300 21 Nov.

@fxigor : thank you for reading my article. CCI - although the name has commodity in it, is not confined to commodities; it is widely used to trade almost all instruments - equities, commodities, forex.
CCI like others - is put in the category of oscillators; However, the method to use CCI profitably, as i put forward in my article above, makes it even better at having an edge in trading at almost all types of conditions [except news time];
wrt to your question about statistics: Iam in the process of gathering some back test result [i need a reliable software/site to do so].
thanks.

doctortyby avatar
doctortyby 25 Nov.

I personally use CCI indicator just for confirmation as it is a lagging indicator that shows past performance and does not have the same effect in the future development of the price. But i strongly belive it can be successfully used in Trends, trading in the direction of the trend (especially on pullbacks). Let me know when you test this strategy with more than 300 trades backtest to know extcly the average winn/loss ratio and the money management that you apply (reward/risk ratio, money risk ratio, profit factor, drawdown). Good luck

RobertPierce avatar

Great system........is there an indicator that will identify CCI double dip opportunities ?
Best Regards -
Bob Pierce

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9/38
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Very important to note :The basis of my strategy are supply and demand areas. Without any specific supply or demand area we dont need to check for further indicators.If we have a supply or demand area we try to find some of the indicators mentioned in this article to increase our odds of a successful trade.The more indicators provide our trading idea, the more likely our target will be hit..... logic ? Isn‘t it ? Bearish engulfing outside bar PinbarsIn my opinion the pinbar reversal pattern is one of the most powerful candlestick reversal patterns out there.If you identify correctly and take the major ones they can produce consistently profits.This single bar reversal pattern is able to earn a lot of cash for you.And that‘s why most traders love it, because it is a single bar pattern, easy to spot, easy to trade.Often pinbars develop at swing highs and lows, this is interesting if we combine it with demand and supply areas to catch the reversal points.Again we can combine it with divergence of course to squeeze all odds out of it.you can find my divergence course here in past articles called ( the power of divergence) What is a pinbar at all ?A pinbar is a candlestick pattern whe…
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doctortyby avatar

I like the fact that you have explained the patterns and you have given clear examples with chart images.

doctortyby avatar

You can use the Order Flow Book (right now we have SWFX sentiment index, COT charts and Market Depth availeble at Dukascopy Bank) to see if the supply and demand areas in your chart are confirmed by the open orders.

litsat avatar
litsat 9 Oct.

very good. Everything I use in real trading :) wish you the first place

Mado avatar
Mado 10 Oct.

thanks guys
@doctortyby yeah thanks your article is so good with my strategy

hedonist avatar
hedonist 11 Oct.

Interesting article Mado. In my experience, people trading the lareger timeframes your talking about are more often trend followers. Do you think its harder to make money being a contrarian on the monthly timeframes?

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                                                       Execution Technique And Risk ManagementI just found this subject interresting for every trader hwo do not know about Technique of execution and how to minimise your risk against the market. Whatever you are a professionel or a beginner you want the money at first because we trade money we want more to growth our portfolio.Money management:Money management in forex trading mean the strategy that make you choose an exact amount for each trade that you open.so we are risking this amount of money form our portfolio then how we build this strategy?the answer is:At first the profit factor of our trades(profit/loss) or profit percent of all trades.That help to choose the technique of money management (percent mongement or simple money manegent)  for exemple if we heve a Profit factor>3=percent money management . because we have profit more than losses that mean for exemple :f                                          Simple money management:Bad PFeposit:1000$ 1day +5%) 2day -4%) 3day -1%) 4day(-5%) Profit=--20$(-2%)Good PFeposit:1000$ 1day +5%) 2day +0.5%) 3day -1%) 4day(+5%) Profit=95$(9.5%)                                        …
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Sam1 avatar
Sam1 1 June

good article+1

Myprox4x avatar
Myprox4x 4 June

good attempt !

LinnuxFX avatar
LinnuxFX 6 June

You need improve you article's presentation to have more point in quality, good luck...

lkubanek avatar
lkubanek 19 June

Ideas are not bad, but try to present them better. It is kind of confusing to put it this way...

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