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Forex BB CCi Divergence

Discussion in 'Forex Forum' started by LuKa12, Sep 12, 2015.

  1. LuKa12

    LuKa12 Guest

    Simple system I have been testing this week. But looking at for a while.

    Uses a 15min but works on other time frames. I am mainly watching the GBPAUD. Have used it on the DAX as well. For time frames under 1 hour I find concentrating on one hard moving pair to be better. You get to know the pair and its average moves. I normally trade from EURO Open to US open or a few hours into US session. be wary of news!

    Using the Bollinger bands to show highs and low plus trend continuations. The two CCi give us divergence to confirm a turning point. I like a hit off the BB then wait for the divergence. Tend continuations are also possible but I have not looked at them to much yet. My trade explorer is the demo I am using to test this idea. If you keeps going well I will start trading live. Broker I am using is EightCap. They're an Aussie Broker I just found.All trades on the explorer are taken via this idea.

    Long price hits lower BB then once the CCis give a divergance take a long once the the bar closes. (tend breaks are also nice to ad to confirmation)
    Sell price hits higher BB then once the CCis give a divergance take a sell once the the bar closes. (tend breaks are also nice to ad to confirmation)

    Management.
    TP to MID band. normally 20+ pips... secondary TP, close half at mid band move SL to BE and look for a run to the opposite band. Close once hit.

    SL GBPAUD can really jump around so normally 10-15 pips under the current bar low. again I warn the GBPAUD can really move around so wide stops can be needed.

    apart from trend entries the idea is complete... it needs no new indicators. PLEASE DONT POST magic fixes trade it how it is.

    hope it helps people make some pips.

    Thanks.

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