610# CCI Nuf with Trend Wave
Reversal momentum trading
Trend wave as filter
Submit by Ricky
CCI Nuf with Trend Wave is a reversal trading system based on CCI indicator and Trend Wave. This strategy is also for trading with Binary options high/low. The purpose is find the best opportunities when the price is outside the price border lines.
Time Frame 5 min or higher.
Currency pairs: majors, indices.
Expiry time binary options H/L 1 or two candles.
Metatrader Indicators setting:
Border Lines period 61, ATR 2.6, ATR period 110.
Donchian channel default setting.
Trend Wave 10, 21 period.
CCI Nuf 14 period is a filter for find the best momentum for entry in the market.
Trading rules CCI Nuf with Trend Wave
Buy
Price is otside the green band.
Trend wave crosses upward.
CCI Nuf blue and yellow bar.
Fast profit target depends by time frame.
Initial stop loss below the green bar.
Sell
Price is outside the red band.
Trend wave crosses downward.
CCI Nuf red and yellow bar.
Fast profit target depends by time frame.
Initial stop loss above the red bar.
In the pictures CCI Nuf with Trend Wave in action.
Share your opinion, can help everyone to understand the forex strategy.
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