725# CCI with PRSI
Trend Momentum breakout
Submit by Janus Trader 15/01/2017
CCI with PRSI is a trend momentum breakout system. In this system there is also an indicator of range that is an plus but this is optional, you can use when you are expert with this system.
This template cam be used also with binary options high/low.
Expiry time 2-3 candles.
Time frame 30 min or H1.
Financial markets: any.
Metatrader Indicators
daily open line,
Metal Range,
CCI with PRSI (CCI period 14, RSI period 14, time frame H1),
joker filter smooth period 5.
Trading Rules CCI with PRSI
Buy
Open positions when the CCI cross above the line at level 10.
Watch the ranges for market sentiment and price direction (up direction),
Joker filter green bar.
Price above daily open line
Sell
Open positions when the CCI cross below the line at level -10.
Watch the ranges for market sentiment and price direction (down direction),
Joker filter red bar.
Price below daily open line
Exit position
Profit target 10-20 pips depends by time frame and currency pairs.
Place initial stop loss on the previous swing.
This is a winning system.
It may give some false signal in the side ways market.
The system needs to practice because it is discretionary.
Observe stop loss.
This template always offers a new opportunity for gain.
In the pictures CCI with PRSI in action.
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