CCI Tunnel Forex Trading Strategy

Take advantage of the CCI indicator with the CCI Tunnel forex trading strategy. It’s composed of two simple trading indicators and trend-following in nature.

Chart Settings

Indicators: EMA_Trend_Indicator, Commodity Channel Index (CCI with setting 14 period)
Time frame(s): 1 Hour and above
Trading sessions: All
Currency pairs: All

Download

Download the CCI Tunnel Trading for Metatrader 4.

EUR/USD 4 Hour Chart Example

cci-forex-strategy1

Strategy Rules

Long Trades:

  • Criteria #1: EMA’s tunnel sloping up – bullish market
  • Criteria #2: CCI back above -100 level from below – oversold indicator readings

Place protective stop-loss below the most recent swing low. Price objective*: Take profit at 1:2 risk to reward ratio or better (or use any other method).

*4 Hour chart minimum price objective for long trades: 100 pips.

Implementation: The EUR/USD 4 Hour chart above provided me with 2 trade entries. One sell signal at 1.3004 with stop-loss above the most recent swing high at 1.3106. Price objective twice the total risk: 102 pips x 2 = 204 pips. One buy signal at 1.3108 with stop below the most recent swing low at 1.3062 (risk: 46 pips). Minimum price objective: 100 pips.

Trade result: 304 pips.

Short Trades:

  • Criteria #1: EMA’s tunnel sloping down – bearish market
  • Criteria #2: CCI back below +100 level from above – overbought indicator readings

Place protective stop-loss above the most recent swing high price. Price objective*: Take profit at 1:2 risk to reward ratio or better (or use any other method).

*4 Hour chart minimum price objective for short trades: 100 pips.

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