CCI Forex Breakout Strategy

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CCI Forex Breakout Strategy

This is a breakout strategy that focuses on a 15 minute timeframe or higher and applicable to all pairs.

Forex Indicators:

  • CCI 20 (Commodity Channel Index, Period 20, Typical Price)
  • The Wave (EMA34 High, EMA34 Close, EMA34 Low)
  • Uptrend: The price has already crossed the Wave upward and the price is above the Wavebottom.
  • Downtrend: The price is below the the Wave-top.

Long Entry:

  • Price must be above the wave for some time.
  • Price entered the Wave.
  • Price is above the wave then it will cross the wave-top downward.
  • Enter long on the next candle when CCI crosses +100 line upward.

IMPORTANT REMINDER:

  • CCI is below the +100 line for at least five bars before the cross.
  • Market must be trending up.
  • Check that the price is above the wave-bottom as with the first rule.
  • Buy at opening of the new candle when above conditions are met.

Short entry:

  • CCI must crossed the -100 line downward.
  • The candle must close below -100.
  • The market must be trending down.
  • The price must be below the wave-top.
  • Have a valid swing pattern.

To exit position:

  • Place the profit target at Fibo Pivot;
  • Stop Loss at level meddle wave.

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