This “Forex Trend Momentum Strategy with CCI and RSI” is inspired by Spikes Trend Finder write by Spike on ForexFactory forum.
- Time Frame: M15 or higher
- Currency Pairs: EURUSD, GBPUSD, USDJPY, and all major pairs
MetaTrader Trading Indicators
- Relative Strength Index
- Commodity Channel Index
BUY Rules
- Relative Strength Index lines above 50 level
- Commodity Channel Index above 0 level
SELL Rules
- Relative Strength Index lines below 50 level
- Commodity Channel Index below 0 level
Trading NOTES
- Stoploss for BUY Signals, 100-150 pips BELOW entry Bar
- Stoploss for SELL Signal, 100-150 pips ABOVE entry Bar
- Profit Target use support/resistance area
- levels or predetermine profit target that depends by time frame and currency pairs