151 # Momentum Plus – Make 200 pips a day

Submit by Joy22

Momentum plus is a momentum-only strategy based on the return from extreme areas of the CCI E W% R oscillator.

In other words, the signal is generated when the CCI after touching or exceeding the level of 260 + - returns to the level below 100 + -.

The Momentum indicator is used for further confirmation.

Setup Strategy

Time frame intraday 15 and 30 minutes minutes

Swing trading time frames H1 or above.

Currency pairs: any.

Platform: any.

Indicators setup

CCI 20 periods., close.

W%R 14 periods, close.

Momentum 10 period, close.

Buy

CCI oscillator touches or is less than - 260 and returns greater than -100.

W% R oscillator less than -80 returns> -80

Momentum> 0 when the CCI is not confirmed by the W% R oscillator.

Sell

CCI oscillator touches or is less than + 260 and returns less than +100.

W% R oscillator greater than -20 returns< -20

Momentum< 0 when the CCI is not confirmed by the W% R oscillator.

Exit position

Place initial stop loss at the previous swing High/Low.

Make profit with ratio stop loss minimum 1:1.2.

Note: To day trade with this strategy you need to open at least 8 charts or more.

Examples of trades