This high accuracy “Forex King STS 2 Commodity Channel Index” is a trend momentum trading system. The purpose of this system is to enter the market when there is a trend.
Trading NOTES
- DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
- Use a demo account or a small live account first to practice this trading system
- Time Frame: H4 and Daily
- Financial Market: any
MetaTrader Trading Indicators
- Forex King STS 2
- Commodity Channel Index
This “H4 & Daily Time Frame Forex King STS 2 Commodity Channel Index System” is based on the following indicators
- indicator1 EMA 365 (above bulls and below bears as you know)
- Indicator2 zigzag to find stop loss (default settings)
- indicator3 Forex_King-STS with arrow alert(designed by LukeB)
BUY Rules
- If price action trend following is above the ema only consider the green BUY arrows
- CCI line above 55
SELL Rules
- If price action is below the ema only consider the red SELL arrows
- CCI line below -55
Trading NOTES
- This system is very simple
- Stop Loss above/below the previous arrow
- Recommended exit with the fast predetermined profit target