231# Fractals with CCI
Trading with Fractlas
CCI oversold overbought trading with fractals.
Submit by LeoFX
Fractals with CCI is an chaos-momentum strategy based on fractal indicator and CCI oversold/overbought.
This strategy is not Holy Grail but has an good profittability.
Expiry time for Binary Options 3 candle or more.
Time frame 2 min or higher.
Currency pairs: majors, minors more Indicies, Gold and Oil.
Sessions for scalping and day trading: London and New York.
Metatrader indicators:
CCI 14 period, ,
fractals default,
Trading rules Fractals with CCI
Buy
CCI below -100 level.
Optional filter wait that CCI come back above -100.
Fractals draws down arrow.
Exit with predetermined profit target, depends by time frame.
Place initial stop loss 3-5 pips below the down fractal.
Sell
CCI above 100 level.
Fractals draws up arrow.
Optional filter wait that CCI come back below 100.
Exit with predetermined profit target, depends by time frame.
Place initial stop loss 3-5 pips above the up fractal.
In the pictures Fractals with CCI in action.
OK, but this strategy works only in medium trend and sideways market, then its need of one filter of volatility. The filter is Bollinger Bands Width (period 50, deviation 2.5)when this indicator draws red bars do not trade, only trades with green and yellow bar.
Share your opinion, can help everyone to understand the forex strategy.
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