The CCI Arrow MT5 strategy is a straightforward approach designed to harness trend momentum, providing trading signals that align with support and resistance levels. It focuses on the synchronization of the Commodity Channel Index (CCI) and the Triple Exponential Average (Trix).
Strategy Setup
Time Frame: 15 minutes or higher
Currency Pairs: Applicable to any pair
Platform: Metatrader 5
Metatrader 5 Indicators
Main Chart:
Support and Resistance Indicator
CCI Arrow
Below the Main Chart:
Trix (Triple Exponential Moving Average) with default settings
Trading Rules:
Trade Direction: Execute trades exclusively in the direction of the support or resistance levels.
Buy
Identify a support zone.
Look for a CCI buy arrow.
Observe Trix crossing upward, indicating a blue arrow.
When these conditions align, place a market buy order.
Sell
Identify a resistance zone.
Look for a CCI sell arrow.
Observe Trix crossing downward, signaling a red arrow.
When these conditions are met, place a market sell order.
Exit Position
Position your initial stop loss below/above the support/resistance zone.
Set your take profit either before reaching the support or resistance zone or maintain a risk-reward ratio of 1:1.3.
Trade ExamplesHere are some examples of trades executed using the CCI Arrow MT5 strategy:The CCI Arrow MT5 strategy is a user-friendly tool for traders seeking a trend momentum approach. By emphasizing the agreement between CCI and Trix, it helps identify optimal entry points in line with key support and resistance levels.
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