49# CCI and Stochastic Retracement Trading System
Submit by JanusTrader (written by Paulus)
Currency Pairs: all
Time Frame: 15 or higher, best daily.
set to 40 HLC/3 line at 0.00
set to K - 5 D - 3 Slowing -2 Price field low /high ma - simple ....line at 50
This is simple stuff but with the stop at swing high or low we have a good support or resistance..also we only want an average move in our direction.
Like all my systems identify the main direction and enter on a retracement
If CCI above zero we look for long CCI below zero we look for short.
CCI is above 0.00 stochastic moves below 50 and ticks up the tick up hasnt got to finish above 50
Enter on a green candle,if red then you can enter the following day but no more and only of green
Here is a chart showing entries this example is on usdchf, i have highlighted one long and short to show position of indicators
The blue lines are stop positions not exact but it gives you an idea of the swing high low stop.
Without doing the maths we have a def loser on the 2nd arrow the rest look winners..
CCI Forex Strategies
Stochastic Forex Strategies