Hey Guys,
There is another very good strategy that only uses 2 CCI's. And if you guys have not guessed it yet, I have an addiction for this indicator:)
This is a 4 hour strategy. Personally I never really like 4 hour strategies, but after doing a simulation test last night using the FML trading simulator for MT4 (FML makes use of existing data in your MT4 history, so it's 100% real. You just cannot use this simulator to test EA's) I was quite literally blown off my seat at it's raw simplistic nature.
I have also attached his template (which is in the zip file) and the Tor indicator that he talks about. I have also attached a copy of the FML Trading simulator for anyone interested.
"I have used CCI alone to make a living off forex the past few years. I have felt very comfortable with CCI from when I first placed it on my charts and I know how CCI reacts to extreme levels and to zero line rejects.
I am sharing this strategy because it is simple, yet takes alot of experience to manage. Yet it might catapult some new trader a few years ahead and teach him 10 or 12 things.
This CCI strategy is based on the overbought level and on the zero line.
Place CCI periods of 14 and 8 CCI on your chart. You dont need any fancy CCI indicator, just the plain one from your Mt4 chart.
Place a trade when CCI 14 exits 100 lvl, and CCI 8 exits 100 as well and/or exits the zero level.
Or place a trade when both CCI's exit from zero level around the same time.
Exit the trade when CCI 8 exits the zero level.
This strategy is easy, works and is all you need in forex. You dont need to look at many time frames, or any fancy indicators. Only thing that will make the difference between any 2 users of this strategy, are which time frames they choose to trade on. Trade anytime frame over 1 hr and you will be good, anyone below, and you are susceptible to ranging markets pushing and pulling you into bad trades.
Who wants to be looking at a chart all day anyway? More trading wont make you more pips, so why give in to the urge to over trade? ( SCALPERS)
And a little word of advice, make your background yellow so to stimulate awareness and to feel as ease when trading. Nothing could make more of a change in your trading.
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I trade the following pairs with this strategy since they trend well, and correlate even better.
GU,AU, EU, NZD/USD and USD/CHF
When I see a long GU, and then a long AU signal, but EU or Nzd Usd shows sell, then I wait on the sell pairs, and wait for them to become buy setups since the USD trends in one direction, and pushes the rest of the pairs either up or down, such as if the dollar is in a downtrend, then GU, EU, AU and NZD/USD will be buys, and USD/CHF will be a sell setup.
I will attach ToR, which stand for trending or ranging. It will show CCI 8 and 14 over all the time frames from 15 to daily. This will help you determine if the dollar is strong or weak at the time, and if you should wait on buy or sell setups with the rest of the pairs by seeing for instance if EU,GU is up on all time frames, and Usd Chf is down on CCI periods across the board."
While JDownloader is good, I use the Firefox Greasemonkey add on with Rapidshare links checker. For most sites, I get a red x or a green check by the link. That way you can see which links to use.
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