96# MQLPRO stoc/cci/ Trading system

 

Submit by JanusTrader

System 
Indicators 
MACD settings 2,5,3
Stochastics 5,3,3
CCI 14
Time frame 5 minutes

All three indicators must be sloping in same direction ,preferably at an angle of 45% , either up or down.Draw lines on the indicator and use the linear regression channels (see channels under insert) on metatrader platform


 

 

Stop loss is no more than 20 pips away, and is set at previous swing low or high.Take profit is when the CCI and stochastics reverses 90 degrees angle(from entry point)

On LONG ENTRYCCi /MACD.STOCHS must be POSITIVE figure

on SHORT ENTRYCCI/MACD/STOCHS must be negative figure


On LONG EXITSCCi /MACD.STOCHS must be negative figure

on SHORT EXITSCC1/MACD/STOCHS must be positive

MACD/volatility breakout settings should read around 70 for buy and - 70 for sell (chart

 

2) Do not trade before and during news releases
If the daily average range is exceeded then do not chase the trades , as u may have missed the trend and therefore the risk reward ratio becomes unprofitable

Trading times are 8 am to 18 hours C E T

Metatrader MQLPRO trading system Templete
TEMPLATE.zip
Compressed Archive in ZIP Format 1.5 KB
MQLPRO VB (Volatility Breakout)
MQLPRO V B (VOLATILITY BREAKOUT).rar
compressed file archive 952 Bytes

 

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