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Forex RSIOMA-CCI Trend Momentum Trading System


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.

Trading NOTES

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  • Time Frame: M30 or higher
  • Currency Pairs: GBPUSD and EURUSD

 

MetaTrader Trading Indicators
  • RSIOMA
  • Commodity Channel Index
  • Exponential Moving Average
How to install “RSIOMA-CCI Trend Momentum Trading System

  • 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

 

BUY Rules


  • RSIOMA: RSI above MA and RSI above level 50
  • Commodity Channel Index: above level -50
  • Exponential Moving Average: 5 EMA > 10 EMA

 

SELL Rules

  • RSIOMA: RSI below MA and RSI below level 50
  • Commodity Channel Index: below level -50
  • Exponential Moving Average: 5 EMA < 10 EMA

 

Trading NOTES
  • 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.

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