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Double CCI with Forex Gain

July 7, 2016 by Dominic Walsh Leave a Comment

Double CCI with Forex Gain is a forex trading system. Double CCI with Forex Gain is a trend following system. The Double CCI with Forex Gain is a reliable trading system and it can be used to trade in any time frames higher than that of 5 minute chart. It is a very simple forex trading system and it is suitable to all levels of traders. With proper money management skills and techniques, one can consistently make money in the forex market by using this forex trading system. There are only three technical indicators being used in Double CCI with forex Gain system. The indicator in the main chart window is the main signal generator indicator of this forex trading system and the other indicators in the indicator window work as a confirmation indicator.

When the Double CCI with Forex Gain system is correctly installed on your trading platform, your chart should look like this:

Double CCI with Forex Gain

  • Power Rail Train

Power Rail Train is a technical indicator which moves with the market price. Crossovers of price and this indicator generate the trading signal.

  • Trend CCI

Trend CCI indicator consists of histogram that moves in positive and negative territory. When the histogram is in positive territory, it’s a bullish signal and when the histogram is in negative territory, it’s a bearish signal.

  • ForexGainCode

ForexGainCodeis a technical indicator which consists of several oscillators. These oscillators move in positive and negative area. When the oscillators are in positive zone, you should understand that the market sentiment is bullish and when the oscillators are in negative zone, you should understand that the market sentiment is bearish.

  • Arrows

You can also see red and green arrows in the main chart window. When you see green arrows, it’s a buying signal and vice versa.

Buying Conditions Using Double CCI with Forex Gain.

Double CCI with Forex Gain

  • Market should be above the PowerRailTrain
  • A green arrow should appear below the market.
  • The TrendCCIindicator should be in positive zone.
  • The ForexGainCodeindicator should be in positive zone.
  • Place you long position as soon as above conditions are met.
  • Place your stop loss just below the recent swing low.
  • Take your profit when you see a red arrow above the market.

Selling Conditions Using Double CCI with Forex Gain.

Double CCI with Forex Gain

  • Market should be below the PowerRailTrain
  • A red arrow should appear above the market.
  • The TrendCCIindicator should be in negative zone.
  • The ForexGainCodeindicator should be in negative zone.
  • 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 you see a green arrow below the market.

Open demo account to test this system.

Download Free Forex Double CCI with Forex Gain System

Download Free Double CCI with Forex Gain

Filed Under: Free Metatrader Systems Tagged With: bar indicator, line indicator

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