Timeframe: 15 mins, 30 mins, 1 hour or 4 hours


Indicators:

1. CCI (Commodity Channel Index) with default setting of 14
2. Stochastic with default setting of 14, 2
3. Directional Movement Index with default setting of 14
4. MACD with 8 and 40 as MA and 8 as Signal line



GO LONG WHEN:

1. (CCI >= 0) AND
2. (Stochastic >= 50) AND
3. (MACD >= 0 OR DI >=0)



GO SHORT WHEN:

1. (CCI <= 0) AND
2. (Stochastic <= 50) AND
3. (MACD <= 0 OR DI <=0)


The Strategy has worked very well (for years) with Equities with high Volume (NASDAQ and FTSE being my favourite) and it has given amazingly

accurate signals on Stock Indices. I've posted two different examples to look at. First one is this morning's (27th May) ASX (Australian

Index) session. The other one is USDCHF Pair from 26thMay. You'll also see three Moving Averages on chart which I plot as a visual help,

these are EMA5, 20 and 100.

All pictures are clickable!
Trading system - CFD-Ghanghro
_________________________________________________________
Important Points:

1. Note that I'm based in Australia that is why I said I trade on Wall street when its late night here in Brisbane
2. Also note that in the screenshot example (ASX Index) every single Point has a value of 25 AUD (to give you some idea on Profit or ROI)
3. In this particular example (ASX Index), the Spread is 2 points for Long Positions and 3 points for Short Positions
4. I'm sure, this question will come up so I thought to answer it in advance. There is no Stop Loss method used as such, its just that I
follow the Signals quite religiously and exit the trade as soon as the Signal has changed from Long to Short or the other way round
5. PSAR Indicator can be used (as you can see in chart) as an additional confirmation

Subscribe to updates via email:

Enter your email address:



Subscribe  to  fx1618 via RSS
Subscribe to fx1618 by Email
What is RSS???
_________________________________________________________________________________________________________________________________________
Home