RSIOMA-CCI Trend Momentum Trading System – This “RSIOMA MetaTrader indicator” indicator takes two moving averages, calculates their RSI (Relative Strength Index) and then also adds a moving average of the calculated RSI. These two lines now can accurately signal the trend changes.
- Time Frame: M30 or higher
- Currency Pairs: GBPUSD and EURUSD
- Commodity Channel Index
- Exponential Moving Average
- Download “TraderVersity.Com-RSIOMACCI” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-RSIOMACCI.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-RSIOMACCI” trading system and strategy
- You will see “RSIOMA-CCI Trend Momentum Trading System” is available on your Chart
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- Use a demo account or a small live account first to practice this trading system
- RSIOMA: RSI above MA and RSI above level 50
- Commodity Channel Index: above level -50
- Exponential Moving Average: 5 EMA > 10 EMA
- RSIOMA: RSI below MA and RSI below level 50
- Commodity Channel Index: below level -50
- Exponential Moving Average: 5 EMA < 10 EMA
- Place the Initial Stop loss 2 pips above or below the previous candle
- Predetermined Profit Target ratio 1:2 with stop loss (if stop loss is 30 pips the profit target is 60 pips).
Note: If one is earning 60 pips is recommended to insert the trailing stop of the 20 pips.