The FxMath CCI Trader 1 indicator is a precious indicator for a trader to have. It is designed in a manner to help the traders make money and not loss their capital investments. In actual fact, with the FxMath CCI Trader 1 indicator trading Forex becomes less risky. It is a partner in trading.
The FxMath CCI Trader 1 indicator come in a package that contains:
The five executable files that comes with the package are the customized indicators for the different currency pairs which include EUR/USD, GBP/USD, USD/JPY, USD/CAD and USD/CHF. Therefore, the FxMath CCI Trader 1 indicator can only be effective if used to trade the currency pairs mentioned above.
Once all the executable files are copied into the indicator’s folder of the data folder of the Metatrader platform, you have to load the specific indicator for each of the currency pair that you choose to trade. However if you are for example on the GBPUSD chart and you try to load the FxMath_CCI_Trader_EURUSD_1.ex4, the MT4 will automatically load the FxMath_CCI_Trader_GBPUSD_1.ex4 for you. So the indicators are kind of smart they now what currency to be used on.
Other than there being five different kinds of indicators for five different currency pairs, the indicators function in the same manner on any of the currency pairs that they are used on. The indicator is designed to be used when trading on the one hour time frame. Therefore you have to switch to the H1 timeframe for you to fruitfully benefit from the indicator. If you use any of the other time frames the indicator will not work at all; it will not show the arrows.
How do you use the FxMath CCI Trader 1 indicator to trade?
The FxMath CCI Trader 1 indicator is designed to show some arrows as a form of signals. It is responsible for the display of red and blue arrows. The red arrows are the signals for the sell while the blue arrows are the signals for the buy.
Fig.1. Using the FxMath_CCI_Trader_EUR/USD_1.exe4 to trade on the EUR/USD currency pair.
When you place an order due any of the signals, you have to set a stop loss. The signal is in most cases long term and sometimes it may take some two to three candle formations before you start making profits. The same applies to the target profit; you have to set a take profit so that you are out of the market when your target is hit to avoid making losses after watching some profits.
Fig.2. Using the FxMath_CCI_Trader_USDCHF_1.exe4 to trade on the USD/CHF currency pair.
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