CC Cloud Lurch Support Resistance Trading with RSI Filter Indicator

Traderversity May 18, 2018 FREE DOWNLOAD MT4 Trading Systems Leave a comment 868 Views

CC Cloud Lurch SR Trading System – This is a trend following strategy that works well for all financial markets. You can also to apply this template to Renko chart with great results.

Trading NOTES

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Use a demo account or a small live account first to practice this trading system

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Time Frame: M30, H1, H4, and Daily
Financial Markets: any

MetaTrader Trading Indicators

CC Cloud
Lurch SR
Relative Strength Index

BUY Rules

CC Cloud lime color
Price above the Lurch SR line
Relative Strength Index line upward and above 60

SELL Rules

CC Cloud red color
Price below the Lurch SR line
Relative Strength Index line downward and below 40

Trading NOTES

Cloud setting time frame 4H (D1) for the major trend ( with time frame 30 min or 60 min setting 240 ), time frame daily (weekly W1).
Expiry time for Binary Options high/Low 12-15 candles
For Renko chart box size 10 pips or higher. See here Renko chart
Initial stop loss at the previous swing High/low
Risk Reward Ratio 1:2 or 1:3
Use a demo account or a small live account first to practice this trading strategy

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