You can now download CCI Chandelier Forex MT4 Trading Strategy for free on AtoZ Markets indicators gallery.
This scalping strategy uses a price action on a 15-minute timeframe in all major pairs.
Indicators are listed below:
- 5 EMA High;
- 5 EMA Low;
- 4 EMA Median Price ;
- Custom CCI (14) Candles;
- Chandelier stops (15, 14, 4);
- Chandelier Stops (8, 6, 2);
- All Pivots V.2.
How to trade with CCI Chandelier Forex MT4 Trading Strategy
Rules for Long entry
- Setup Entry: Buy when Green Arrow, confirmed by Chandelier stops blue (15, 14, 4-8, 6, 2);
Custom CCI Candles green.
- For Entry long wait that the price retrace on the gold line. (Place a buy stop order on the gold line).
Rules for Short entry
- Setup Entry sell: Red Arrow, confirmed by Chandelier stops red (15, 14, 4-8, 6, 2)
Custom CCI Candles red.
- For Entry sell wait that the price retrace on the gold line. (Place a sell stop order on the gold line).
Rules to Exit Position
- Place stop loss 4 pips below or above the Chandelier stops (8, 6, and 2).
Rules to Take profit
- The level pivot or PT predetermined 14 pips for EURUSD, 11 pips for AUDUSD, and 16 pips for GBPUSD.
How to download and install an indicator
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on the “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into the MT5>Indicator folder of the MetaTrader5 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “CCI Chandelier Forex MT4 Trading Strategy” template to apply it on the chart.
Note: This indicator was developed by Jack. AtoZ Markets does not carry any copyrights over this trading tool.