the lines of Sniper indicator changes color to blue, the system issues a warning (Alert) about a possible change in trend direction. Sniper Forex is intended for trading on H1 timeframe. 2 - CCI rises to an extremely oversold level, this is where we know that the reversal is near, so the measures are to tighten our stop loss and either forex courtiers non dealing desk exit as we spot a reversal pin bar candlestick or wait till CCI exits below. It goes as follows: When CCI moves above 100, there is a strong uptrend confirmed, therefore traders should open a Buy position. Trading rules: when price crosses zero line, Buy/Sell depending on the direction of a crossover.
Designed for commodities, CCI has quickly found its application in other markets including Forex. Simple rule: Above zero - Buyers' territory, below zero - Sellers' territory; unless, we have reached an oversold/oversold zone. Already known, a zone above Zero (bullish) and a Zone below zero (bearish). Once price moves higher above 100, a strong uptrend has been established. The author advises to use CCI for entries and exits once CCI reaches /-100. Please wait, we prepare your link. After the appearance of arrows make sure that the histogram bars Sniper Trend A and Sniper Trend B steel blue and only then open a position. When CCI moves above Zero, traders would Buy the currency expecting a newly changed trend to hold.
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(So, the difference is whether there was a rise above 200 or not. since adding another algorithm hinders the work of the first one. . Now, impulse trading for manual traders is not always advised as it can lead to rash mistakes and angry trading, neither of which will often give good results. The second lot is closed when the lines of Sniper indicator changes color to the opposite. The moment it entered there, we could have placed a Buy order, since we know that a strong uptrend has been established. Developed by Donald Lambert, original CCI consists of a single line which oscillates between /-200. Since 1980 when CCI indicator was first introduces, traders have found lots of ways to interpret CCI and expand trading rules. The first lot is closed when the first Take Profit is taken. Let's walk through the numbers on the screenshot below: 1 - CCI is in an overbought zone.
Bars of histogram Sniper Trend A and Sniper Trend B painted red. Take profit close trades.