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Thread: Indicator CCI

  1. #1
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    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

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    Last edited by Khimi234; 05-23-2015 at 05:41 AM.

  2. #21
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    this is a good indicator for determination f the direction and the trader can use it for cnfirmation of the market direction and trading during taking the decision of trading, the trader needs to use some other indicators with it like moving average or bollinger bands for example to be able to trade in the good positions and make some profits.

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  3. #22
    Trader YoyO_o's Avatar
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    There has many indicators to use in our trade but indicators have only technical skill about Forex trading and many indicators confused us to continue our real trade in this market

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  4. #23
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    I am agree with your trading strategy. Also , I am suggest for use this strategy on Nzd/Usd pair.I am using this indicator since 2010. I am finding good result. Specially, Nzd/Usd pair is very suitable for this indicator. I hope , 90%++ accuracy for Nzd/Usd pair.It is secret tips for trading in this pair by use CCI indicator.

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  5. #24
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    Thanks my mate for a question about this strategy. I hope,the thread is good and the trader's screenshot of NZD/USD pair.The pair is best for CCI indicator.Also,the screeshot take H1 time frame, which is the best time frame for CCI indicator and trade on NZD/USD.

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    Please try learn about CCI indicator. CCI indicator is best for NZD/USD pair.You can analysis multi time frame.I prefer, H1 time frame is best for use CCI indicator. Demo and real chart pattern is same. So, you can testing it in your demo trading account.

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  6. #25
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    Quote Originally Posted by azaharul View Post
    Thanks my mate for a question about this strategy. I hope,the thread is good and the trader's screenshot of NZD/USD pair.The pair is best for CCI indicator.Also,the screeshot take H1 time frame, which is the best time frame for CCI indicator and trade on NZD/USD.

    - - - Updated - - -

    Please try learn about CCI indicator. CCI indicator is best for NZD/USD pair.You can analysis multi time frame.I prefer, H1 time frame is best for use CCI indicator. Demo and real chart pattern is same. So, you can testing it in your demo trading account.
    Hi azaharul
    Again here,what i saw regarding indies,the forum is poor enough ,lol.
    why cant you try having good tools to use in your strategies.
    regards
    Attached Images Attached Images

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  7. #26
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    Yes,my mate,CCI indicator result is very good of 100 point level. I see that CCI indicator trade result is very good for NZD/USD pair. Other pairs result is good too. But not more than nzd/usd pair. CCI is better than stochastic ossilator for find overbought and oversold position.Thanks my mate for valuable information.

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  8. #27
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    Quote Originally Posted by Earnperfect View Post
    Finally I got it, I love to do trade with this type of trading strategy mostly in forex, Thanks for this thread but I am using stochastic and never tried to use CCI. I have a question for you which forex currency pair do you recommend to use this kind of trading strategy? So its only suitable for Nzd/Usd Pair only?
    CCI indicator is good for all currency pair but specially I am suggest you for use CCI indicator on NZD-USD pair. NZD/USD pair is better then other currency by use CCI indicator.I am trade on the pair only and I am success by using this CCI indicator. Also, I am using a template by use the indicator.

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  9. #28
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    this is a good indicator and good for adding to any strategy, it works well with any strategy or another indicators and so it is a famous indicator and widely used by the traders, i do not like to use it alone so it is better to be used with another tools and so should be used with proper setting to give good signals during trading always.

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  10. #29
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    Quote Originally Posted by Hukam View Post
    Nice dear, CCI is a very good lagging indicator, and best for short term trader's. I mostly use this for better confirmation regarding support and resistance points. We can find many good starting points of market trends too with the help of CCI. As a long term trader, its no one of my favorite indicator but I would suggest it to short term trader's.
    cci can not be used for determination of the trend because it is lagging and changes its signals quickly and so it is not suitable for long term trading, this indicator can be used for getting of confirmation of the signals come from the other strong tools like the trend or support and resistance levels but it should not be used as the main signal provider.

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  11. #30
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    Quote Originally Posted by Khimi234 View Post
    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
    I also used CCI as my flagship indicator a few years ago, I think CCI is not only good for scalping, I also use CCI for midterm trading. But I do not use them anymore. I think all indicators are good, all indicators are created to help us in trading activities, all indicators have advantages and weaknesses, we can be profitable if we understand well the advantages and disadvantages of the indicators that we used, therefore many traders who manage the weakness of the indicator by combining several kinds of indicators.

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