How to Identify Real and Strong Trends : Forex Coloured Woodies CCI Stoch Tape Trading System Filtered with Tenkan-Sen EMA Trend

Forex Strong and Reliable Trend – Forex Coloured Woodies CCI Stoch Tape Trading System Filtered with Tenkan-Sen EMA Trend. Find a trend with accuracy and learn when it is reliable to implement your trading system and strategy.

Woodies CCI indicator : Combing the CCI indicator and Woodie’s CCI trading system resulted in the popular indicator Super Woodies CCI.

This indicator is attached to the chart below with the original CCI.

The main difference is that the indicator colours the trend for you. Green being up (BUY Orders) and red being down (SELL Orders).

However it uses the Woodie’s concept of several periods passing before being considered a new trend.

 

Forex Coloured Woodies CCI Stoch Tape Trading Rules

 

Forex Coloured Woodies CCI Stoch Tape Trading System Filtered with Tenkan-Sen EMA Trend is a trend following strategy based on the high accuracy trend filter indicators.

• Best Time Frame : M30 and H1
• Recommended Currency Pair : EUR/USD GBP/USD, and AUD/USD.

ForexWOT Coloured Woodies CCI Stoch Tape Trading System is designed to generate BUY and SELL signals from a combination of high accuraccy trend filter indicators for the MetaTrader 4 (MT4) platform.

 

Tetatrader Trading Indicators

• Coloured Woodies CCI indicator
• Stoch Tape
• Ichimoku Tenkan-Sen
• EMA 10 and EMA 5
• ADX
• Volatility Quality
• Signal Trend

 

In order to generate signals usingForexWOT Coloured Woodies CCI Stoch Tape Trading System, all 7 of the above (trend filter indicators) must be installed on your charts.

 

BUY Rules

• Coloured Woodies CCI indicator blue Woodies histigram and CCI line above 0 level
• Stoch Tape blue color
• ADX line upward above 30 level
• Price upward above Ichimoku Tenkan-Sen line
• EMA 5 upward above upward EMA 10
• Price above EMA 5 and EMA 10
• Volatility Quality green line above 0 level
• Signal Trend green bars

 

SELL Rules

• Coloured Woodies CCI indicator red Woodies histigram and CCI line below 0 level
• Stoch Tape red color
• ADX line upward above 30 level
• Price downward below Ichimoku Tenkan-Sen line
• EMA 5 downward below downward EMA 10
• Price below EMA 5 and EMA 10
• Volatility Quality red line below 0 level
• Signal Trend red bars

 

 

EXIT Position

• For BUY if Coloured CCI Woodies is > 0 to go for Profit Target 2
• For SELL if Coloured CCI Woodie is < 0 to go for Profit Target 2
• Initial stop loss 250-300 pips, after 250 pips (Profit Target 1) move stop loss at the entry price + 50 pips to go for Profit Target 2.