Free Forex Indicators (MT4), Trend Following Indicators

FX Sniper’s T3 CCI

FX Sniper’s T3 CCI is a trend oscillator that closely monitors the past price action data over the selected period of time and transforms them into simple trend-following trading signals.

This indicator is able to detect possible trend reversal areas of the market allowing traders to catch a trend from a very early stage and trade accordingly. Traders with any level of market experience will be able to master it because of its simplicity of use.

FX Sniper’s T3 CCI is good for both scalping and day trading because it suits all sorts of timeframe charts within forex MT4 trading platforms. Moreover, as a versatile trading tool, it can be applied to trade all kinds of forex currency pairs.

FX Sniper’s T3 CCI Overview

Download and install the indicator on your MT4 terminal. Once you’re done, find your chart like the image below:

FX Sniper’s T3 CCI Overview

FX Sniper’s T3 CCI Explanation

FX Sniper’s T3 CCI is a combination of Commodity Channel Index and T3 Moving Average. The composition looks fruitful since it has been observed that this indicator is able to signals for market entries maintaining a stable accuracy level.

FX Sniper lags less and stresses more on recent price action data which enables it to generate trade signals without any unnecessary delay. It signals the trend conditions using its bars that carry the indicator value.

FX Sniper’s T3 CCI Explanation

The value turns positive when the trend swings into bullish and turns negative when the market trend turns bearish as well. For trade exit purposes, you may depend on the indicator value signaling an opposite trend to your trade direction.

FX Sniper’s: Buy Conditions

FX Sniper’s Buy Parameters
  • Fx Snipers bars turn green
  • The indicator value turns positive
  • Buy triggers when the above conditions are met
  • Set stop loss below the recent low of the market
  • Exit long or take profit whenever the indicator value turns negative

Check Out: The Best Forex Trading Strategy Ever

FX Sniper’s T3 CCI: Sell Conditions

FX Sniper’s Sell Parameters
  • Fx Snipers bars turn red
  • The indicator value turns negative
  • Sell triggers when the above conditions are met
  • Set stop loss above the recent high of the market
  • Exit short or take profit whenever the indicator value turns positive

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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