583# CCI Contrarian Trading System
CCI Jurik Indicator
Submit by Chan 02/08/2014
CCI Contrarian Trading System is based on Two CCI Indicators (Commodity channel Index).
Currency pairs: Majors (EUR/USD, USD/CHF, EUR/CHF, USD/JPY, AUD/JPY, AUD/USD, AUD/NZ).
Time frame H1 or higher.
Metatrader Indicators:
CCI NUF (20, 100);
CCI JuriK Indicator ( 6,5, level 100 and – 100 smooth phase 5, ).
Rules for CCI Contrarian Trading System
Buy
Wait red bar on the CCI NUF, after entry buy at the first buy arrow of the CCI Jurik Indicator.
Sell
Wait green bar on the CCI NUF, after entry buy at the first sell arrow of the CCI Jurik Indicator.
Note: (You can make two consecutive trades in the same direction.)
Look for currencies pair that are not in trend but at the side.
Search by ADX or an indicator of strength of currencies.
Exit Position options:
Exit at the next arrow in the opposite direction.
Exit with profit target that depends by currency pairs an the time frame 8for example EUR/USD TF H1 11 pips, TF H4 16 pips).
Initial stop loss 15 25 pips on time frame H1 and 25-40 pips time frame H4.
In the pictures CCI Contrarian Trading system in action.
hassan shahzad (Saturday, 06 August 2016 17:38)
that looks holy grail system only if both indicators are non repainting...thanks for the share..i will send you my feed back..