Forex & Stocks “CCI COBRA” Trading Strategy

This is the non-repaint trading system that you have been looking for.

You can see for yourself that this strategy is capable of reading market movements very easily and accurately, almost on all of its signals. There is no doubt that by using this strategy, you have a great chance to reap profits in your trading business, whether it be in the Forex market, stocks, commodities, or cryptocurrencies.

Therefore, in this article, I will explain in detail everything about this strategy known as the CCI COBRA Trading Strategy. Let’s get started.

 

The “CCI COBRA” Trading Strategy

The CCI COBRA Trading Strategy, or CCI zero-line is a trading strategy that uses the charting of the trading price of an asset to determine the entry point.

The following step-by-step tutorial of the “CCI COBRA”, or CCI zero line cross trading will use the Forex market, but exactly the same steps should be used on whichever markets you are trading with this trade.

The trade used in the tutorial is a LONG trade, using 1% risk, with a target of 3%. The stop loss is only used as a last resort, as the zero line cross trade includes an exit signal that should exit the trade before the stop loss is reached.
How to install the “CCI COBRA” System
  • Download “ForexWOT-CCIcobraSystem” (Zip/RAR File).
  • Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
  • Copy the “ForexWOT-CCIcobraSystem.tpl” file (template) to your Metatrader Directory …/templates /
  • Start or restart your Metatrader Client.
  • Select Chart and Timeframe where you want to test your forex system.
  • Right-click on your trading chart and hover on “Template”.
  • Move right to select “ForexWOT-CCIcobraSystem” trading system and strategy.
  • You will see the “ForexWOT CCI Cobra System” is available on your Chart.
Recommended Article:  Forex & Stocks "RSI Hidden Divergence" Trading Strategy

 

LONG Setup

The following are the conditions to be met for making a BUY:

  • Wait for the Zero Line Cross.Wait until the 34-period CCI crosses the zero line, while the 100-period CCI is on the correct side of the zero-line, and the price is on the correct side of the moving average and the B-Band Stops.This means that if the 34-period CCI crosses above the zero-line, the 100-period CCI should also be above the zero-line, and the price should close above the moving average, and the B-Band Stops. If either the 100-period CCI is on the wrong side of the zero-line, or the price is on the wrong side of the moving average, (that is CCI crosses above, while price closes below the moving average), the trade has not met its requirements, and should not be entered.
  • Enter Your Trade. Enter your trade when the 100-period and 34-period CCI crossed the zero line. in this case the 100-period and 34-period CCI crossed above the zero line.
Recommended Article:  FREE DOWNLOAD Easy & Accurate Forex Scalping Trading System With Heiken Ashi and Stochastic oscillator

Stop LOSS:
As soon as your entry order has been filled, make sure that your trading software has placed your target and stop-loss orders, or place them manually if necessary.

However, it’s important to note that this stop loss strategy is not foolproof and can still result in losses if the market experiences sudden and unexpected volatility. Therefore, you must also consider other factors such as your risk tolerance, market conditions, and trading plan when setting your stop loss orders.

 

SHORT Setup

The following are the conditions to be met for making a BUY:

  • Wait for the Zero Line Cross.Wait until the 34-period CCI crosses the zero line, while the 100-period CCI is on the correct side of the zero-line, and the price is on the correct side of the moving average and the B-Band Stops.This means that if the 34-period CCI crosses below the zero-line, the 100-period CCI should also be below the zero-line, and the price should close below the moving average, and the B-Band Stops.
  • Enter Your Trade. Enter your trade when the 100-period and 34-period CCI crossed the zero line. in this case the 100-period and 34-period CCI crossed below the zero line.
Recommended Article:  The Essence of Moving Averages: What Every Successful Forex Trader Should Know

Stop LOSS:
As soon as your entry order has been filled, make sure that your trading software has placed your target and stop-loss orders, or place them manually if necessary.

Trading NOTES

The CCI COBRA is One of the best market “trend and momentum” trading strategy. In this strategy, the “Commodity Channel Index” indicator helps traders understand the way a stock, forex, commodities, and cryptocurrencies moves, more easily.

Leave a Reply

Your email address will not be published. Required fields are marked *




Powered by: ForexWOT Trading System
Privacy Policy | Cookie Policy |  e-Mail: ForexWOT@gmail.com