Forex Trend Analysis – Forex Trend Channel CCI Oscillator Trading System with MACD and William’s Percent Range Indicator

EASY SIMPLE Forex Trend Analysis –  Forex Trend Channel CCI Oscillator Trading System with MACD and William’s Percent Range Indicator. How to Use Trend Lines Channel when trading forex.

Forex-Trend-Channel

Here are some important things to remember using Trend Lines Channel in forex trading:

  • It takes at least two tops or bottoms to draw a valid trend line but it takes THREE to confirm a trend line.
  • The STEEPER the trend line you draw, the less reliable it is going to be and the more likely it will break.
  • Like horizontal support and resistance levels, trend lines become stronger the more times they are tested.
  • And most importantly, DO NOT EVER draw trend lines by forcing them to fit the market. If they do not fit right, then that trend line isn’t a valid one!

 

Forex Trend Channel CCI Oscillator Trading System

 

Forex Trend Analysis – Forex Trend Channel CCI Oscillator Trading System with MACD and William’s Percent Range Indicator is a trend following system formed by Auto Trend Channel, three Exponential Moving averages, MACD candles, and  7 high accuracy trend filter indicators.

  • Best Time Frame : 30 min, 60 min, 240 min, and Daily
  • Recommended Currency Pair : EURUSD, GBPUSD, BGPJPY, …this forex strategy works very well with volatile currency pairs.
Recommended Article:  Rapid Trade Finder Forex Trading System (One of The Best Online Foreign Currency Trading Strategy)

 

MetaTrader Trading Indicators

  • Auto Trend Channel Indicator  (set 120 hours or 1 week)
  • CCI Oscillator
  • William’s Percent Range (14)
  • The 4 Exponential Moving Average (HLC/3 the red line)
  • The 8 Exponential Moving Average (HLC/3 the green line)
  • The 20 Exponential Moving Average (HLC/3 the blue line)
  • The MACD candle indicator (4,15, 2);
  • MACD Histogram indicator (20);
  • Murrey Math lines;

Trade only in the direction of the Auto Tend Channel indicator.

 

BUY Rules

Forex-Trend-Channel-BUY

  • Auto Trend channel indicator uptrend
  • Buy when the 4 Exponential Moving Average crosses above the 8 EMA, and both 4 MA and 8 EMA cross the 20 EMA in an upward direction
  • The MACD Histogram blue color at the same time that the EMA crosses occur or MACD Candles are green
  • CCI Oscillator blue color
  • Signal Trend green bars
Recommended Article:  Double RSI System: The Best and Easy Forex Technical Trading Strategy

 

SELL Rules

Forex-Trend-Channel-SELL

  • Auto Trend channel indicator downtrend
  • Buy when the 4 Exponential Moving Average crosses below the 8 EMA, and both 4 MA and 8 EMA cross the 20 EMA in an downward direction
  • The MACD Histogram red color at the same time that the EMA crosses occur or MACD Candles are red
  • CCI Oscillator red color
  • Signal Trend red bars

 

EXIT Rules

  • Initial Stop loss on the previous swing after 150 pips (5 digits MT4) in gain move stop loss at the entry point
  • Profit target time frame 30 min and 60 min 350-600 pips, time frame 240 min profit target 600-800 pips.


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