CCI with PRSI is a forex trading system. CCI with PRSI is a swing trading forex trading system. CCI with PRSI can be used to catch swings of smaller time frames as well as bigger time frames. When you catch smaller swings in smaller time frames your profit and risk are small too. You can use time frame as low as 1 minute and you can use time frame as high as daily and weekly. CCI with PRSI proved to be very effective trading system when tested in the past data. Trader should know what he/she is doing. One should stop trading during high impact fundamental events.
When you install CCI with PRSI forex trading system in your trading platform, your chart should look like this:
CCI consists of oscillator and histogram. When the oscillator is in negative territory it indicates selling pressure. When the oscillator is in positive territory you should be buying as there is demand in the market. Same is the case with the histogram. When the histogram is positive, it is signal that market is going up so you should be buying. On the other hand negative histogram indicates bearish signal so you should be selling.
- Joker Filter
Joker Filter is a technical indicator which consists of green and red bars. The green bars indicate market has bullish momentum more than bearish and vice versa. Do not buy when there are red bars and do not sell when there are green bars.
Buying Conditions Using CCI with PRSI.
- Market should be up trending.
- The CCI should be in positive territory.
- Histogram should be positive.
- The Joker Filter indicator should be green.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the Joker Filter indicator turns red.
Selling Conditions Using CCI with PRSI.
- Market should be down trending.
- The CCI should be in negative territory.
- Histogram should be negative.
- The Joker Filter indicator should be red.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the Joker Filter indicator turns green.
Download Free Forex CCI with PRSI Strategy
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