Forex trading strategy #50 (MACD+CCI)
Submitted by User on January 1, 2012 - 14:47.
Submitted by João Alexandre
Indicators: MACD (12, 26, 2)
CCI 14
Time frame: 4 hours.
Open the indicator MACD (12,26,2) and CCI (14, Typical Price), so that they are superimposed, one above the other, exactly as it appears on the screen.
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this is a great strategy. how can i filter in 1h chart the CCI ? thanx
Could please Joao Alexandre let us know your exact parameter used/applied to H4 chart (SMA or EMA on close ).
Giselle,
thank you for your words of encouragement!
Certainly, with risk management, discipline, stop loss and trailing stop, my method is profitable.
João.
Forgot to mention that, for greater security, the entries should be close to moving averages 17,34 .
João Alexandre.
support and resistance...Hummm
http://codebase.mql4.com/1122
Could anyone upload ur template ??
Regards
I like the MACD settings. Quite interesting.
Thanks for the strategy. So far I have been using it as an added tool for confluence in my trades. In backtesting the results are impressive so far. I believe once used with other filters (such as the obvious e.g. key areas of support and resistance, currency strength etc.along with risk management, a trader can be profitable with this simple system.
I agree it works best on the 4 hr and daily charts.
Giselle
Trinidad & Tobago
(Also a friend of Jesus!)
The indicators are available on the MT4 platform. Open the MACD. Then, drag the mouse with the Commodity Chanel Index (CCI) and drop on the MACD. Ready!
UPDATE!
MACD (8,17,2) + CCI 14 (close) = more exact configuration.
Recommended graphical time: 4 hours, daily and weekly.
Good trades!
João Alexandre.
São Paulo - Brasil.
Could u please upload ur indicators & template ??
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