Indicator CCI - Page 2
Page 2 of 4 FirstFirst 1234 LastLast
Results 11 to 20 of 34

Thread: Indicator CCI

  1. #1
    Banned
    Join Date
    Aug 2013
    Location
    State Himachal Pradesh
    Posts
    9,370
    Thumbs Up
    Received: 319
    Given: 538

    Indicator CCI

    I would like to discuss about Indicator CCI review in this Thread or contest. "Forex Indicator's" is a new style of contest, and I am ready to share my review on this with all forum members, moderator's and admin. It's great that admin sir brining many new contests every year in this forum and forum member's are taking full advantage of it.

    Description of Commodity Channel Index (CCI)

    The full form of CCI is Commodity Channel Index developed by Donald Lambert,. CCI is an oscilator indicator that helps trader's to show an currency pair or commodity overbought and oversold position. This indicator show the end of a trend and a change in direction. This is a good indicator for scalper's, and good oscilator like stochastic. This type of indicator helps trader's to enter in the trend when it begin, or exiting the trade's when market trend move against you.

    Calculation of Overbought and Oversold:

    The calculation of overbought and oversold position is very easy in it. When market will go above +100 then its a overbought condition and after that price may start moving down, and when market will go below -100 then its a oversold condition and after that price may start moving up.

    Features of CCI

    1. CCI is a good indicator and give better signals on starting of a major trend in the market. If trader's have a good skill and experience of the market, then they can use CCI to make their trading confirmation more stronger to enter in trend market on a right time.

    Attachment 12576

    2. CCI is a good indicator for scalper's. If you have a very low target of pips on monthly bases then you can use cci in your trading strategy to use as a scalper indicator. Scalper's can use CCI in H1 and lower time frames.

    3. There are a lot of trader's in forex market who like to do trade with the concept of divergence and convergence, this is also a good indicator's for these type of trader's. There are many types of effective indicator's for divergence and convergence trading in meta trader 4 and CCI is one of them

    4. CCI is a very good indicator for breakout trading system too, because they concept of trading is always same in this indicator, When market will go above positive 100 then there is possibility of sell, and when market will go below negative 100 then there may be a possibility of buy, but trader's should have a very good experience of breakout trading system first and they need a lot of demo practice and real trading experience for it.

    Attachment 12575

    Setting of CCI Indicator in Meta trader

    Now days there is no need to install CCI manually in any mt4 terminal. If you are using robo forex mt4 terminal then directly to your mt4 insert page, and from there you can select cci indicator. The custom setting of all default mt4 indicators are always best so I would suggest everyone to use the default setting in CCI.

    My Opinion regarding CCI Indicator..

    As far I know about CCI, its a good indicator for scalper's, In short term time frames a very good trading is possible with the help of CCI overbought and oversold concept. One more thing that is trading experience, most of all trader's have their own trading characteristic's, trader's can take their own timing to learn this type of trading concept. So I would suggest all novice trader's or those trader's who want to use CCI indicator in trading, they should start with demo testing first.

    Trader's can use other oscilator indicator's with cci to get a best quality of confirmation, because there is no control of any types of indicator's on the forex market. Don't forget the number one rules of this business to apply in trading that is Risk management and Money management. See Ya

    Not allowed!
    Last edited by Khimi234; 05-23-2015 at 05:41 AM.

  2. #11
    Banned
    Join Date
    Jan 2014
    Posts
    4,919
    Thumbs Up
    Received: 125
    Given: 262
    I am a scalper but not using strategy, this is a very new strategy for me at the moment. This is looking very powerful in Euro/Usd, Are you still using this strategy in your trading account? Chart is looking really awesome, and this month CCI showed good signals in Euro/Usd pair. I think integration of EMA 20 making this trading style more effective. Thanks for sharing this screenshot

    Not allowed!

  3. #12
    Registered user
    Join Date
    Mar 2013
    Posts
    3,925
    Thumbs Up
    Received: 215
    Given: 113
    Quote Originally Posted by Khimi234 View Post
    Yes sir if you want to do scalping then you can use CCI as a short term trend finder indicator in the market. But first of all please tell me which type of time frame you want to use for the use of CCI indicator. In which time frame mostly you like to do scalping?. Give me the answer I would try to find out a best solution for you.
    Sorry for the delay in responding. For scalping I would prefer time frames lower than hourly usually. But I think CCI compares the current price to an average price over the past periods of time. So I think this indicator will work better on higher time frame charts. So just wanted to know tips on how it can benefit scalpers?

    Not allowed!

  4. #13
    Banned
    Join Date
    Aug 2013
    Location
    State Himachal Pradesh
    Posts
    9,370
    Thumbs Up
    Received: 319
    Given: 538
    Quote Originally Posted by PROPENSITY100 View Post
    Sorry for the delay in responding. For scalping I would prefer time frames lower than hourly usually. But I think CCI compares the current price to an average price over the past periods of time. So I think this indicator will work better on higher time frame charts. So just wanted to know tips on how it can benefit scalpers?
    You can use CCI in higher time frames and as well as in lower time frames too. For scalping you can use 15 minute chart time frame, you have to attach 20 EMA in your chart along with it, and it will become a trend follow scalping trading system. Let me show through a chart, this is Euro/Usd current chart. Make sure that you are using CCI signals with EMA20 to get a best market trend bull an bearish signal. For better signal's and trend confirmation use Heiken ashi Check this chart:

    Euro usd heiken ashi.JPG

    Not allowed!

  5. #14
    Banned
    Join Date
    Jan 2014
    Posts
    4,919
    Thumbs Up
    Received: 125
    Given: 262
    This is one more example of trending scalping strategy, I am learning about the old one, that you shared yesterday, I am using H1 time frame mostly so I am much satisfied with the yesterday one, I will do practice with this too, this is also looking interesting. But you did not give the answer of my last question, Are you still using this strategy?

    Not allowed!

  6. #15
    Banned
    Join Date
    Aug 2013
    Location
    State Himachal Pradesh
    Posts
    9,370
    Thumbs Up
    Received: 319
    Given: 538
    Quote Originally Posted by Earnperfect View Post
    This is one more example of trending scalping strategy, I am learning about the old one, that you shared yesterday, I am using H1 time frame mostly so I am much satisfied with the yesterday one, I will do practice with this too, this is also looking interesting. But you did not give the answer of my last question, Are you still using this strategy?
    This is my old trading strategy friend, but I am sure that this type of trading style could work if you have a good risk management, and money management in your trading, and don't forget to follow the market trend. I have given 2 example of this CCI indicator strategy, now its you choice which one you want to choose for trading. Bye, see u later.

    Not allowed!

  7. #16
    Banned
    Join Date
    Aug 2013
    Location
    State Himachal Pradesh
    Posts
    9,370
    Thumbs Up
    Received: 319
    Given: 538
    Thanks for visiting and appreciating my thread friend's, Results will be announced tomorrow but I will try to keep active this thread for a very long time so if you have still some doubt, confusion or any query about indicator cci then you can ask me that anytime in future too. This time we will able to see many new top contest winner's and I wish a good luck to all other participant's too.b

    Not allowed!

  8. #17
    Trader
    Join Date
    Oct 2015
    Posts
    621
    Thumbs Up
    Received: 8
    Given: 0
    Oscillators are good indicators if you use them with proper mix indicators like other indicators which will support you and will help you make money. It is not an easy thing to do though but making money in the forex market was not that easy and we must agree that.

    Not allowed!

  9. #18
    Trader layigold's Avatar
    Join Date
    Dec 2013
    Posts
    10,145
    Thumbs Up
    Received: 164
    Given: 90
    Quote Originally Posted by Khimi234 View Post
    2. CCI is a good indicator for scalper's. If you have a very low target of pips on monthly bases then you can use cci in your trading strategy to use as a scalper indicator. Scalper's can use CCI in H1 and lower time frames
    If you can have another thread explaining in details how the indicator is used to scalp in forex, I may consider developing a strategy using CCI to trade binary successfully. The beauty of this forum is that you can bring out a new thing out of what has already been shared and develop it in such a way that it will suit your own style of trading any of the financial instruments

    Not allowed!

  10. #19
    Trader
    Join Date
    Aug 2013
    Posts
    11,572
    Thumbs Up
    Received: 70
    Given: 48
    this is god indicator and widely used by the traders and has good reputation fr confirmation of the signals of trading, but it should not be used alone but should be used with another indicators to be sure that the signal of trading is good as this will make trading better and help the trader to get better results and better profits.

    Not allowed!

  11. #20
    Banned
    Join Date
    Jul 2016
    Posts
    1,963
    Thumbs Up
    Received: 8
    Given: 0
    CCI also known as the commodity channel indiex there is a chance that these should never be left out of the tradign areana because these is a tool that works well for those who wana trade forex, I think 50% of trades done cci is or are succeful, look for it , to its extreme then is when you enter a trade

    Not allowed!

Page 2 of 4 FirstFirst 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •