WoodiesCCI and Signal Arrows Forex Trading Strategy
<h1><strong>WoodiesCCI and Signal Arrows Forex Trading Strategy</strong></h1>
<p>There are many different types of traders. Different styles, different strategies, different personalities. But there is a certain type of trader that thrives in the trading world, not because they have good intuition or are great technical analysts, but simply because they can think in a peculiar way. These types of traders view trading strategies as a set of rules, which when met, would trigger them to trade. For them, trading setups are a basic rule of questions answerable by “yes” and “no”. They think much like computer programs, having a series of “yes” and “no” questions and “if-then” actions. They are the algorithmic traders.</p>
<p>Although algorithmic trading is mostly associated with programmed trading robots, having a set of rules which satisfy an “if-then” format could also be run by a human. Although algorithmic trading is based on letting the law of large numbers work for you by taking all trades that satisfy the rules, the advantage of having a human touch to a trading system is that a human trader could subjectively and intuitively decide should be taken based on past experiences with the market.</p>
<h2><strong>Trading Strategy Concept</strong></h2>
<p>This strategy is a strategy based on a few rules which could also be traded on an “if-then” basis.</p>
<p>To implement this strategy, we will be using three indicators.</p>
<p>First, we will be using the MACD. The MACD will be used using the crossing of the histogram bars over the zero line. This means that if the MACD histogram is positive or is crossing over zero, we are qualified to take a buy trade. If the MACD histogram bars is negative or is crossing below zero, then we are looking to take a sell trade.</p>
<p>Next, we will be using the <em>WoodiesCCI</em>. It is a custom indicator which is a modified version of the regular CCI. This particular indicator correlates well with the MACD crosses. We will be using the <em>WoodiesCCI</em> the same way we are to use the MACD. We will be buying when the histogram is above zero and sell when the histogram is below zero.</p>
<p>Lastly, we will be using the <em>ExponentialMovingAveragesSignal</em>. This is a custom indicator that plots arrows as signals based on the crossing over of certain moving averages. If set on the right parameters, this custom indicator also correlates well with the above-mentioned indicators.</p>
<p><em>Indicators</em></p>
<ul>
<li><em>MACD: default parameters</em></li>
<li><em>WoodiesCCI</em>
<ul>
<li><em>A_period: 56</em></li>
<li><em>B_period: 18</em></li>
<li><em>num_bars: 550</em></li>
</ul>
</li>
<li><em>ExponentialMovingAveragesSignal</em>
<ul>
<li><em>FasterEMA: 15</em></li>
<li><em>SlowerEMA: 18</em></li>
</ul>
</li>
</ul>
<p><em>Timeframe: 5-minute, 15-minute, 30-minute and 1-hour charts</em></p>
<p><em>Currency Pair: any</em></p>
<h2><strong>Buy (Long) Trade Setup Rules</strong></h2>
<h3><strong><em>Entry</em></strong></h3>
<ul>
<li>MACD histogram should be positive or crossing above zero</li>
<li><em>WoodiesCCI </em>histogram should be positive</li>
<li><em>ExponentialMovingAveragesSignal </em>indicator should print a green arrow pointing up</li>
<li>Place a buy market order on the confluence of the above rules</li>
</ul>
<h3><strong><em>Stop Loss</em></strong></h3>
<ul>
<li>Set the stop loss at the immediate support below the entry candle</li>
</ul>
<h3><strong><em>Exit</em></strong></h3>
<ul>
<li>Close the trade on the occurrence of any of the following:
<ul>
<li>MACD histogram crosses below zero</li>
<li><em>WoodiesCCI </em>histogram crosses below zero</li>
<li><em>ExponentialMovingAveragesSignal</em> indicator prints a red arrow pointing down</li>
</ul>
</li>
</ul>
<p><img class="alignnone size-full wp-image-39358" src="https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-01.png" alt="" width="1378" height="862" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-01.png 1378w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-01-300x188.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-01-768x480.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-01-1024x641.png 1024w" sizes="(max-width: 1378px) 100vw, 1378px" /> <img class="alignnone size-full wp-image-39359" src="https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-02.png" alt="" width="1378" height="862" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-02.png 1378w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-02-300x188.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-02-768x480.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-02-1024x641.png 1024w" sizes="(max-width: 1378px) 100vw, 1378px" /></p>
<h2><strong>Sell (Short) Trade Setup Rules</strong></h2>
<h3><strong><em>Entry</em></strong></h3>
<ul>
<li>MACD histogram should be negative or crossing below zero</li>
<li><em>WoodiesCCI </em>histogram should be negative</li>
<li><em>ExponentialMovingAveragesSignal </em>indicator should print a red arrow pointing down</li>
<li>Place a sell market order on the confluence of the above rules</li>
</ul>
<h3><strong><em>Stop Loss</em></strong></h3>
<ul>
<li>Set the stop loss at the immediate resistance above the entry candle</li>
</ul>
<h3><strong><em>Exit</em></strong></h3>
<ul>
<li>Close the trade on the occurrence of any of the following:
<ul>
<li>MACD histogram crosses above zero</li>
<li><em>WoodiesCCI </em>histogram crosses above zero</li>
<li><em>ExponentialMovingAveragesSignal</em> indicator prints a green arrow pointing up</li>
</ul>
</li>
</ul>
<h2><img class="alignnone size-full wp-image-39360" src="https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-03.png" alt="" width="1378" height="862" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-03.png 1378w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-03-300x188.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-03-768x480.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-03-1024x641.png 1024w" sizes="(max-width: 1378px) 100vw, 1378px" /> <img class="alignnone size-full wp-image-39361" src="https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-04.png" alt="" width="1378" height="862" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-04.png 1378w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-04-300x188.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-04-768x480.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2020/02/WoodiesCCI-and-Signal-Arrows-Forex-Trading-Strategy-04-1024x641.png 1024w" sizes="(max-width: 1378px) 100vw, 1378px" /></h2>
<h2><strong>Conclusion</strong></h2>
<p>This strategy is a workable rules-based strategy.</p>
<p>It would work well on markets where long running trends tend to occur often. This is because all the rules tend to lean on catching long running trends as standalone indicators. Crossover strategies, which is where the <em>ExponentialMovingAveragesSignal</em> indicator is based from is based on catching long trends. The same is true with the MACD indicator as well as this parameter settings of the <em>WoodiesCCI</em> indicator. By taking trades based on the confluence of the three, we tend to have a higher probability of catching a trend. By exiting when any of the three reverses, we hope to stay on the trade when the trend still hasn’t reversed and exit at the first sign of reversal.</p>
<p>However, there will be instance when a sharp reversal would cause your profits to be cut as compared to exiting at the peak. Two avoid this, you could exit the trade when any of the two histogram oscillators, the MACD and the <em>WoodiesCCI</em>, is showing signs of reverting back to its mean. Another option would be to set a fixed hard take profit target.</p>
<p>It would also be a good idea to employ a trailing stop based on moving the stop loss after every expansion phase of the market. Whenever the market wildly moves in your favor, you could move the stop loss at the newly formed support or resistance to protect some profits.</p>
<h3><span><strong><br />
Forex Trading Systems Installation Instructions</strong></span></h3>
<p>WoodiesCCI and Signal Arrows Forex Trading Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.</p>
<p>The essence of this forex system is to transform the accumulated history data and trading signals.</p>
<p>WoodiesCCI and Signal Arrows Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.</p>
<p>Based on this information, traders can assume further price movement and adjust this system accordingly.</p>
<p><iframe src="https://www.youtube.com/embed/YczVA9lhppk" width="500" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<h3><strong>Forex Metatrader 4 Trading Platform<br />
</strong></h3>
<ul>
<li>Free $30 To Start Trading Instantly</li>
<li>No Deposit Required</li>
<li>Automatically Credited To Your Account</li>
<li>No Hidden Terms</li>
</ul>
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<h3><strong>How to install WoodiesCCI and Signal Arrows Forex Trading Strategy?</strong></h3>
<ul>
<li>Download WoodiesCCI and Signal Arrows Forex Trading Strategy.zip</li>
<li>Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /</li>
<li>Copy tpl file (Template) to your Metatrader Directory / templates /</li>
<li>Start or restart your Metatrader Client</li>
<li>Select Chart and Timeframe where you want to test your forex system</li>
<li>Right click on your trading chart and hover on “Template”</li>
<li>Move right to select WoodiesCCI and Signal Arrows Forex Trading Strategy</li>
<li>You will see WoodiesCCI and Signal Arrows Forex Trading Strategy is available on your Chart</li>
</ul>
<p><em>*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.</em></p>
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