Forex CCI NUF with trend wave strategy is yet another tremendous trend following trading strategy that also allows traders to find swing trading opportunity with its band indicators. As it produces dynamic support/resistance levels at the chart, one following this strategy wouldn’t have to bother to draw extra lines at the chart while trading.
Forex CCI NUF with trend wave strategy is usable at any time frame chart and applicable to carry on trading any forex currency pair chart. Newbie traders can easily master this strategy because of its simplicity of use. Thus, all kind of traders can follow through this strategy to grow up the trading accounts.
Forex CCI NUF with trend wave strategy Overview:
Once you finish installing this strategy at your mt4 platform, you’ll find your chart as the below image:
|Time Frame||Currency Pairs||Indicator Factors||Ratings|
Forex CCI NUF with trend wave strategy Anatomy:
- Kanal Handlessignale Arrow: It appears as red/green arrow above or below the respective signaling bar as trade signals. Red down arrow signals short entry and green upward arrow signals long trading signals.
- Kanal Handlessignale Bands: This indicator is configured to read long term price data to anticipate dynamic support and resistance levels so that traders can spot ideal areas to make the trade entries.
- TMA Bands: TMA Bands works mostly as Bollinger Bands. It reads 61-period of past price data to plot short-term dynamic S/R levels that assists traders to identify short-term trade opportunities and also spots possible early exit areas
- CCI NUF4: This is an updated and modernized version of CCI (Commodity Channel Index). It works to identify the trend strength by spotting overbought and oversold condition of the market.
Check This Too: Best Forex Strategy
Forex CCI NUF with trend wave strategy: Buy Parameters
- Kanal Handlessignale Arrow is plotted as green upward arrow
- Price is supported by lower TMA Bands and Kanal Handlessignale levels
- CCI NUF4 value reaches below -100 to confirm oversold condition of the market
- Stop loss to be set below the signaling arrow
- Take profit when price reaches the upper band of TMA or Kanal Handlessignale
Forex CCI NUF with trend wave strategy: Sell Parameters
- Kanal Handlessignale Arrow is plotted as red downward arrow
- Price is resisted from upper TMA Bands and Kanal Handlessignale levels
- CCI NUF4 value reaches above 100 to confirm overbought condition of the market
- Stop loss to be set above the signaling arrow
- Take profit when price reaches the lowerr band of TMA or Kanal Handlessignale