Strategy tested on EURUSD pair, works best on M15 period.
Indicators used:
– EMA (default period 34)
– CCI (default MA period 50)
– MACD (default MT5 settings)
The strategy goes as follows:
For BUY orders:Â
– The candle must close ABOVE the EMA
– The CCI indicator must cross the 0 level and go into the positive
– The MACD indicator must be below 0 and make a cross while below the 0 level
For SELL orders:Â
– The candle must close above the EMA
– The CCI indicator must cross the 0 level and go into the positive
– The MACD indicator must be below 0 and make a cross while below the 0 level