CCI is a reliable trend system which can be used to trade at any time frames higher than that of the 5-minute chart. This strategy is suitable for all levels of traders. There are three technical indicators being used in Double CCI Gain system. The indicator in the main chart window is the main signal generator in this trading system and the other indicators in the indicator window work as confirmation indicators.
When the Double CCI Gain system is correctly installed on your trading platform, your chart should look like this:
– Power Rail Train
Power Rail Train is a technical indicator which moves with the market price. Crossovers of price and this indicator generate the trading signal.
-Trend CCI
Trend CCI indicator consists of the histogram that moves in positive and negative territory. When the histogram is in positive territory, it’s a bullish signal and when the histogram is in negative territory, it’s a bearish signal.
– Forex Gain Code
Forex Gain Code is a technical indicator which consists of several oscillators. These oscillators move in positive and negative area. When the oscillators are in the positive zone, you should understand that the market sentiment is bullish and when the oscillators are in the negative zone, you should understand that the market sentiment is bearish.
– Arrows
You can also see red and green arrows in the main chart window. When you see green arrows, it’s a buying signal and vice versa.
Buying Conditions Using Double CCI Gain.
The market should be above the Power Rail Train
A green arrow should appear below the market.
The Trend CCI indicator should be in the positive zone.
The Forex Gain Code indicator should be in the positive zone.
Place your long position as soon as the above conditions are met.
Place your stop loss just below the recent swing low.
Take your profit when you see a red arrow above the market.
Selling Conditions Using Double CCI Gain.
The market should be below the Power Rail Train
A red arrow should appear above the market.
The Trend CCI indicator should be in the negative zone.
The Forex Gain Code indicator should be in the negative zone.
Place your short position as soon as the above conditions are met.
Place your stop loss just above the recent swing high.
Take your profit when you see a green arrow below the market.
How to install Double CCI Gain Forex Strategy.mq4?
- Download Double CCI Gain Forex Strategy.mq4
- Copy Double CCI Gain Forex Strategy.mq4 to your Metatrader Directory/experts/indicators/
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right-click on Double CCI Gain Forex Strategy.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Double CCI Gain Forex Strategy.mq4 is available on your Chart
How to remove Double CCI Gain Forex Strategy.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right-click into the Chart
- “Indicators list”
- Select the Indicator and delete
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