CCI Zero Trading System might not be suitable for the beginner traders as it contains advanced and plenty of indicators which might actually confuse the traders. The main chart window consists of 18 technical indicators. There are thee indicators in three different indicator windows.
When CCI Zero Trading System is correctly installed on your trading platform your chart should look like this:
- Slope Direction Line (60)
Slope Direction Line is a technical indicator which is actually a customized moving average. This indicator becomes yellow in a downtrend and turns aqua blue when the market is up.
- DED
DED indicator is similar to Parabolic SAR. DED indicator consists of dotted lines that appear above and below the chart. When the market is up, the dots are blue and the dots are yellow when the market is down.
- Calendar
One of the most important features of this system is that it consists of an economic calendar on main chart window. It updates you about the latest fundamental events across the board.
- TTL
TTL is an indicator that is located at the bottom of the chart. Basically TTL plays the role of filtering. It consists of green and red bars. You should be buying only when the bars are green and sell only when the bars are red.
- CCI Zero
CCI Zero also consists of green and red dots which function as a filtering tool.
- Market Truth
Market Truth shows the market conditions. There are columns like currency power, pair power, trend power, trend of market on H1, H4 and D1 time frame, and mode of market.
Although CCI Zero Trading System consists of so many indicators we only use some of them because it is enough. Not all of them are useful. Since there are so many indicators the system is flexible and you can use it in your own way. Here, we will try to use the easiest and most effective method.
Buying Conditions Using CCI Zero Trading system.
- Major trend should be up. All the indicators should show bullish signals.
- DED indicator should appear below the chart.
- TTL indicator should form green bars.
- CCI Zero indicator should start forming green dots.
- Open long position when all the above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when any of the above indicators show bearish signal.
Selling Conditions Using CCI Zero Trading System.
- Major trend should be down. All the indicators should show bearish signals.
- DED indicator should appear above the chart.
- TTL indicator should form red bars.
- CCI Zero indicator should start forming red dots.
- Open long position when all the above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when any of the above indicators show bullish signal.
Open demo account to test this system.
Download Free Forex CCI Zero Trading System
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