110# Double CCI and MACD Forex Trading System

Submit by Joker (Written by Omatode O) 05/01/2011

My system is a trend following system with a strong foundation based on the

psychology of trading. I use the Zig – Zag as a support and resistance. Many

traders avoid using this indicator because it often repaints its last moves, but it is

this repainting that has brought me much success. More on this later.

The sentiment behind the CCI is that a lot of traders use it for entries on the

crosses of the 0 and 100 and -100 levels. I use it on two settings, thereby

combining the purchasing power of two indicators to determine my entry each

time.

MACD is used to determine the trend. I love it’s visual appearance as I do not

then have to worry too much about what the trend is. When MACD is above zero,

the trend is up, When MACD is below zero the trend is down.

Please note that the 100 and -100 levels of the two CCI may confuse you. To solve

this problem, use only the level setting of either the 34 CCI or 46 CCI. Simply go to the

level setting and delete the 100 and -100 on either of the 34 CCI or the 46 CCI.

If you don’t know how to do this or if you are having difficulty, you could also just

attach the CCI 34 set to close and CCI 46 set to close on two separate windows. You

need though, the two CCI settings.

CHART SETUP

1. Zig Zag

2. MACD 21,89,1 set on close

3. CCI 34 set on close

4. CCI 46 set on close but superimposed on the same window as CCI 34

System Rules

Long trades

Buy When:

1. The Zig – Zag has formed a low swing point and;

2. Both the CCI 34 and CCI 46 cross the 0 line from below and;

3. MACD 21, 89, 1 is above zero.

4. You could also enter long when both the CCI 34 and 46 cross the 100 level

if conditions 1 – 3 are met .Usually this produces stronger signals. The

crossing above the 0 level and 100 level produce separate trade

opportunities.

5. Aim to take profit of not more than 5 pips.

6. Exit when your take profit of 5 pips is met or when the swing point of the Zig

- Zag is high or whichever one comes first.

Short Trades

Sell When

1. The Zig – Zag forms a high swing point and;

2. Both the CCI 34 and 46 cross the 0 line from above and;

3. MACD 21,89 1 is below zero.

4. You can also sell when both the CCI 34 and 46 cross the -100 level if

conditions 1 – 3 are met. Usually this produces stronger signals. The

crossing of the 0 level and -100 level produce separate trade

opportunities.

5. Aim to take profit of not more than 5 pips.

6. Exit when your take profit of 5 pips is met or when the swing point of the

Zig - Zag is low or whichever one comes first. .

Long trades

Example 1

5 Min EUR/USD Chart

1. Zig- Zag 28,5,3 at low swing point

2. Macd 21,89,1 set on close above zero

3 CCI 34 and CCI 46 cross 0 from below. Note that it also crossed 100 from

below almost at the same time. The crossing of 0 from below is enough of a

signal on its own and so too the cross of 100 from below is a signal on its own.

However for CCI 34 and CCI 46 to cross 0 and 100 from below almost at the

same time is a very good signal.

4. Go long at 1.48906 and take profit at 1.48950 (5 pips away -see 5.on chart)

5. Price went far in our favor at 6; but don’t be greedy.

Example 2

5 Min EUR/USD Chart.

1. Low swing point of Zig- Zag

2. Macd 21,89,1 above zero.

3. CCI 34 and CCI 46 cross 0 from below and later crossed 100 from below. The

cross of either 0 from below or 100 from below or the cross of both 0 and 100 is

needed for a long trade.

4. Enter long at 1.49515

5. Take profit at 1.49560 which is 5 pips away.

6. Once again price went far in our favor at point 6.

Don’t be greedy.

Short Trades

Example 1.

5 Min GBP/USD chart.

1. High swing point of Zig- Zag

2. Macd 21,89,1 below 0

3. CCI 34 and CCI 46 cross 0 from above .Notice that the one of the CCI did not

cross -100, but not to worry, you are safe since the two CCI crossed 0 from

above.

4. Go short at 1.67928

5. Take profit at 1.67870

6. Price went far in our favor at point 6

Don’t be greedy

Example 2.

Share your opinion, can help everyone to understand the forex strategy.

107# CCI, MACD, Zig Zag - Forex Strategies - Forex Resources ...

49# CCI and Stochastic Retracement - Forex Strategies - Forex ...

CCI Metatrader Indicator - Forex Strategies - Forex Resources ...

10# CCI Stochastic and MACD - Forex Strategies - Forex 

58# CCI Floor Forex - Forex Strategies - Forex Resources - Forex

72# CCI Explosion - Forex Strategies - Forex Resources - Forex ...

93# CCI Trend Strategy - Forex Strategies - Forex Resources - 

45# CCI and EMA - Forex Strategies - Forex Resources - Forex ...

34# CCI Floor Forex II - Forex Strategies - Forex Resources - Forex

208# Gann, CCI and MACD - Forex Strategies - Forex Resources ...

356# Trading 50 cci - Forex Strategies - Forex Resources - Forex ...

248# CCI Strategy - Forex Strategies - Forex Resources - Forex ...

187# 10 pips a day with CCI and MACD - Forex Strategies - Forex

45# CCI and EMA - Forex Strategies - Forex Resources - Forex ...

211# Scalping with 200 CCI - Forex Strategies - Forex Resources ...

302# CCI 50 Strategy - Forex Strategies - Forex Resources - Forex

9# Breakout With CCI - Forex Strategies - Forex Resources - Forex

148# Fx Sniper's Ergodic CCI System - Forex Strategies - Forex ...

16# CCI System - Forex Strategies - Forex Resources - Forex ...

49# MACD Scalping 1 min - Forex Strategies - Forex Resources ...

38# MACD Strategy with pattern MACD - Forex Strategies - Forex

40# MACD, RSI, 50 Ema and Pivot Points - Forex Strategies - 

MACD Metatrader Indicator - Forex Strategies - Forex Resources ...

5# Simple Macd and Ema - Forex Strategies - Forex Resources ...

24# MACD Pullback - Forex Strategies - Forex Resources - Forex ...

29# MACD Retracement - Forex Strategies - Forex Resources ...

65# 100 'EMA and MACD “4H Strategy” - Forex Strategies - Forex

28# MACD Trend - Forex Strategies - Forex Resources - Forex ...

5# MACD Divergence - Forex Strategies - Forex Resources - Forex

55# Stochastic, MACD,SMA - Forex Strategies - Forex Resources ...

67# MACD Strategy - Forex Strategies - Forex Resources - Forex ...

6# Two Ema and MACD - Forex Strategies - Forex Resources ...

194# Stochastic and Macd MTF with Support and Resistance - 

118# Simple MA+MACD - Forex Strategies - Forex Resources ...

126# MACD With Laguerre RSI and EMA Channel - Forex ...

82# Ema's and MACD - Forex Strategies - Forex Resources - Forex

82# William's%R and Real MACD - Forex Strategies - Forex ...

83#Awesome and MACD - Forex Strategies - Forex Resources ...

64# MACD Divergence Trading System - Forex Strategies - Forex

62# Smashing Forex System

386# Bollinger Bands MACD - Forex Strategies - Forex Resources