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H4 & Daily Time Frame Forex King STS 2 Commodity Channel Index System


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

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  • 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

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