CCI Forex Trend Following Strategy

This works on a 5 minute or higher timeframe. It can be used to all currency pairs.

Forex Indicators:

• CCI 21;
• 40 EMA (exponential moving average);
• 80 EMA (exponential moving average).

Rules

• For intraday trade between the hours of 06:00GMT and 16:00GMT.

Buy entry:

• BUY if the 40EMA is above the 80EMA
• CCI crosses from below 0 to above 0.

Sell entry:

• SELL if the 40EMA is below the 80EMA.
• CCI crosses from above 0 to below 0.

Stop Loss should be:

• 5-min 10 – 15 pips
• 15-min 15 – 20 pips
• 30-min 15 – 25 pips
• Hourly 20 – 35 pips
• 4-Hour 30 – 50 pips
• Daily 50 – 150 pips

Take Profit at 3:1 ratio.

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