117# Commodity Chanel Index System

CCI multitime frame strategy

 

Submit by Django 13/04/2014

 

Commodity Chanel Index System is based on CCI indicator and is an forex strategy multitime frame.

Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, EUR/GPY, GBP/JPY

TimeFrame 15 min or 60 min.

 

Forex indicators:

Exponential moving averages 3 periods,

Exponential moving averages 5 periods,
Exponential moving averages 13 periods,

Commody Channel Index 21 periods with fixed levels (90, -90, ).

 

Rules Commodity Chanel Index System

 

Short Entry

open 5min chart and check the last down swing.

Open 15 min chart and check that the there is a trend down 3 Ema< 5 Ema < 13 Ema.

Entre trade when on the 5 min chart the commodity channel index broken -90 level on the cci indicator.

 

Long Entry

open 5min chart and check the last up swing.

Open 15 min chart and check that the there is a trend up 3 Ema> 5 Ema and 13 Ema.

Entre trade when on the 5 min chart the commodity channel index broken +90 level on the cci indicator.


For time Frame 60 min switc at the 15 min chart.

 

 

Exit position

When on the 15 min chart 3 EMA crosses 5 Ema and 13 Ema in opposite direction or with profit target perdetermined.

Initial stop loss on the previous swing.


 

In the picture Commotity channel Index system in action.

Commodity Chanel Index System
Commodity Chanel Index System
Commodity Chanel Index System
Commodity Chanel Index System

Write a comment

Comments: 3
  • #1

    Anthony (Friday, 04 December 2015 18:21)

    It's very much easier, rather than looking separately at a 15-minute chart with EMA-3, EMA-5 and EMA-15 on it, as advised above, just to put them directly on your 5-minute chart as EMA-9, EMA-15 and EMA-45 instead, and have all the information together on one chart. The outcome is exactly the same - it's just a much simpler way of doing the same thing.

  • #2

    Henna (Wednesday, 23 December 2015 15:15)

    Mmm..

  • #3

    Anthony (Friday, 22 January 2016 01:28)

    "Mmm" indeed. Quite a few of the methods listed here seem to set out their informational parameters with different indicators on charts of different speeds/timescales, which can in reality much more easily and just as reliably be seen on a single chart, simply by adjusting the numbers from which the indicators listed are calculated and displayed. It's very worthwhile to think things through for onself, with some understanding of what the indicators actually measure and how their information is displayed, rather than imagining that any given system "must work, otherwise it woulnd't be listed on a website". This one, for example, has no edge at all, on any backtest that I've tried, nor is there any reason why it would or should. But there are some others on the site that do.