CCI RSI forex trading strategy – This “Forex MA RSI and CCI Woodies Trading Strategy” is a trend following based on the MA Channel, RSI, and CCI Woodie.
- Time Frame: 30 min or higher
- Recommended Currency Pairs: Major pairs
MetaTrader Trading Indicators
- Moving Average
- ArrZZx2
- Signal Trend
- CCI Woodies LNX V6
- PJ Over RSI
- RSI
BUY Rules
- The price above the 20 LWMA channel
- CCI Woodie blue bars above 0 level
- CCI Woodie line (upward and above the level 0)
- P-J over blue color
- RSI line above the level 60
- ArrZZx2 green stars below the previous swing low
SELL Rules
- The price below the 20 LWMA channel
- CCI Woodie red bars above 0 level
- CCI Woodie line (downward and below the level 0)
- P-J over red color
- RSI line below the level 40
- ArrZZx2 red stars above the previous swing high
Trading NOTES
- Place the initial stop loss above or below the previous candle – By putting stop-loss orders in place, you’re ensuring that, even if you don’t get to it in time, you won’t lose more than you can afford.
- Risk reward Ratio 1:2 or 1:3
- Use a demo account or a small live account first to practice this trading system