First directory of Forex Strategies MT4 for trading. Forex Strategies Resources share with all. Examples of Forex Strategies MT4: Master FS, Trend Rider, Bullseye, CatFX50, and many other. MT4 are ergodic cci indicator forex, from beginner traders, professional traders and free traders.
TAG: RSIOM, CCI Ergodic, Alpha Trader, Forex Rebellion, Trend Pipper, Forex Profit System, The Red Sniper, ATR Channel. Although novice traders tend to pay little attention to CCI in the beginning of their lerning curve, later they return to discover amazing potential and beautiful simplicity of the CCI indicator. There is a variety of CCI indicators, just by looking at the screenshot below with various CCI versions, it becomes understandable – there is huge package of trading methods behind each simple and custom CCI indicator. CCI indicator was created to identify bullish and bearish market cycles as well as to define market turning points, market strongest and weakest periods. Designed for commodities, CCI has quickly found its application in other markets including Forex.
100, there is a strong uptrend confirmed, therefore traders should open a Buy position. Opposite true for downtrends and readings below -100. Since 1980 when CCI indicator was first introduces, traders have found lots of ways to interpret CCI and expand trading rules. An aggressive way to enter the market is to react to CCI’s line crossing its zero level.
When CCI moves above Zero, traders would Buy the currency expecting a newly changed trend to hold. Vice versa, when CCI falls below zero, traders would Sell looking to benefit from early signals of an emerging downtrend. Sell depending on the direction of a crossover. 100, a strong uptrend has been established. Hold on to a Long position, but prepare to exit as soon as beautiful tall candlesticks yield place to smaller reversal candles with long shadows and small bodies. 200, and an extremely oversold zone – CCI reading below -200. With what we know so far, we can already read and trade with CCI indicator.
1 – CCI is in an overbought zone. The moment it entered there, we could have placed a Buy order, since we know that a strong uptrend has been established. 2 – CCI rises to an extremely oversold level, this is where we know that the reversal is near, so the measures are to tighten our stop loss and either exit as we spot a reversal pin bar candlestick or wait till CCI exits below 200. 200 zone we should close all remaining Long trades and look to Sell. With CCI exiting from an extremely overbought zone is a perfect opportunity to initiate our first Short trade. At the same time, should we never witness CCI above 200, we’ll be still holding our Buy position open, because CCI continues to trade inside an overbought zone. So, the difference is whether there was a rise above 200 or not.
Short trades opened at point 3. 5 – CCI crosses its Zero line and now is on Seller’s territory. We can open yet another Short trade. We can add up to a Short trade and hold till we find that CCI rises back above -100. I do think you have seriously consider building this website, comparing to Babybips but I felt this is much better education than babypips. Please you can improve your website and I am sure more people will visit you.
I’m working on this website alone. Thus, I admit I’m doing a much slower progress at the moment. CCI on 5 or 1 min – not a problem, if you want to scalp you can sure use it. I LOVE YOUR CCI Histogram MATCHED UP WITH THE SNIPER SIGNALS! I thought I would mention this site is very nicely laid out, and is a resource I think I’ll be returning to frequently. I now understand forex indicators better.
I’d need to make a separate page for it. I might be able to do it by the end of this week. The choppy zone indicator I don’t have, I’m sorry. I really like this indicator and see how useful it can be.
Should I be using or could I use it on the 15 and 60 minute chart? CCI can be successfully used across all time frames: from monthly to 1 minute. You can be a position trader or a scalper, CCI indicator will always give you the edge in your trading analysis. Thank you for your simple but clear information. This is indicator is great but but rarely used in forex classes. Thank you for sharing your knowledge.
I was using the CCI before coming to your site but, not to its fullest potential. You have helped me to use it in a very positive way. I have tried a couple of the CCI variations you have on your site and I am very impressed with the results I get with the FX_Snipers charts. I like understanding the underlying principles for charts which is why I have to come to your site. I can’t thank you enough for taking the time to explain all these indicators so well to us. I believe in the concept that knowledge is the most valuable thing you can have and you have provided much of that knowledge.
Thank you for creating such a fantatic resource of valuable and useful information. Your site, even though you are not a huge site, is the best ive found after visiting many many such sites! Thank you for this information, it is very important but I have little concern, I tried to download CCI_Histogram. 4, but i canot, can any one tell how I will fix this issue?