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
- 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