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Forex OBOS CHANNEL Trading System with CCI Oracle filter


High accuracy “Forex OBOS Channel Trading System with CCI Oracle filter” – The basic concept to remember here is that the price of a currency cannot move in one direction forever.

At one point, the price must definitely change its direction. This change in direction can happen for a lot of reasons. One important reason is whether the price is overbought or oversold (OBOS).

How to install “OBOS CHANNEL SYSTEM

  • Download “TraderVersity.Com-OBOSCHANNEL” (Zip/RAR File).
  • Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
  • Copy the “TraderVersity.Com-OBOSCHANNEL.tpl” file (template) to your Metatrader Directory …/templates /
  • Start or restart your Meta Trader Client.
  • Select Chart and Time frame where you want to test your Forex system.
  • Right-click on your trading chart and hover on “Template”.
  • Move right to select “TraderVersity.Com-OBOSCHANNEL” trading  system and strategy
  • You will see “OBOS CHANNEL SYSTEM” is available on your Chart

 

A currency pair that is either overbought or oversold can possibly reverse.

But this is not the case all the time.

The pair may also stay in either oversold or overbought condition for a long time. This “Forex OBOS Channel Trading System with CCI Oracle filter” is a good tool to catch overbought and oversold setup in the forex market.

  • Time Frame: H1 or higher
  • Currency Pairs: GBPUSD, EURUSD, USDJPY, GBPJPY, and USDCAD

 

MetaTrader Trading Indicators
  • OBOS Channel
  • Oracle Strength
  • CCI

 

BUY Rules

Trading NOTES

DOWNLOAD INDICATOR


  • OBOS Channel: lime circle below the previous swing low
  • Oracle Strength: Blue bars
  • CCI line: Above the level 50

 

SELL Rules

  • OBOS Channel: lime circle below the previous swing low
  • Oracle Strength: Blue bars
  • CCI line: Above the level 50

 

Trading NOTES

Traders can develop their own trading strategies based on overbought and oversold conditions.

A good understanding of how overbought and oversold channel (OBOS Channel) work and doing a deep research can help you in developing the strategy.

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