187# 10 pips a day with CCI and MACD
CCI and MACD Trading System
Submit by Janus Trader 08/02/2012
Time Frame: 5min
Currency pairs: EUR/USD, GBP/USD
Forex Indicators: MACD (12,26,9)
These are optional: 2 sets of bollinger bands, (20,1) and (20,2)
This should all happen on the same M5 candle, EXCEPT for step 2 (which has to happen on the same candle or earlier)
Step 1 - CCI crosses +100 from
BELOW (meaning CCI has to ENTER the
Step 2 - MACD moving average has to be below the histogram
Step 3 - MACD histogram bar needs to have a higher value than the previous bar (I use a custom MACD indicator to see this easier)
Reverse for short entry
Stop Loss12 -15pips.
Profit Target7-10 pips Aud/USD 7, EUR/USD 8, GBP/USD 10
In the pictures 10 pips a day with CCI and MACD in action.
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CCI Forex Strategies