Zig Zag, MACD and CCI is momentum strategy. This strategy is very easy suitable for beginners.
Time frame 15 min or higher.
Currency pairs: EUR/USD, USD/CAD, GBP/JPY, NZD/USD, USD/CHF, USD/JPY, GBP/USD.
Forex Indicators setting:
Zig Zag (12, 5, 3);
MACD (21, 34, 1);
Commodity Channel Index (34).
Trading rules Zig Zag, MACD and CCI
Buy
Zig Zag pointing down.
MACD Histogram above zero level.
CCI go above zero line from the bottom.
Initial stop loss at the previous swing low.
Make profit ratio 1:15 stop loss.
Sell
Zig Zag pointing up.
MACD Histogram belo zero level.
CCI go below zero line from the top.
Initial stop loss at the previous swing low.
Make profit ratio 1:15 stop loss.
In the charts below examples of trading.
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