Commodity Channel Index Strategy for Binary Options
We Commodity Channel Index (CCI) indicator will talk about the use and implementation of trading strategy to move forward today. You have not read the first article that covers the basics of it, I go back and do a little bit of a better understanding of the functions of this indicator is to read it. One of the best advantages of this indicator Recap trend when trading a currency pair is oversold or overbought great advantage to determine whether it helps.
We have the following picture of how this strategy can be used to cover
When it comes to the implementation of the CCI in this strategy , it is important to remember that the index is composed of a single fluctuating line which is very different from William alligator index discussed above. CCI line generated is to cover a period of 14 years , any measure of asset prices from a time period of 14 years. When you use this strategy we want to use the frame of 15-30 minutes from time and trade for 15-30 minutes .When using this strategy it is important to restrict our window of opportunity . When you use the CCI want to wait for a holiday for decent occur on the line while the candle followed by confirmation . Now, when we discover we have a break in the line and we are waiting for our line to change direction in our holiday , as we have seen in all of the circuitry and pink in the picture above. Coming and we await confirmation candle appears . If you're unfamiliar with what is candle confirm this is the same color as the candle appears immediately after the signal before the rest of us in our line of CCI .In the first example we see a breakthrough in the direction of our line of CCI and has a green candle form appears shortly after the break in the line , so expect confirmation candle that appears , and then place buy our trade in this case. In the following examples , which have a similar situation , but we have to wait for our candle signal to the form because it is above the break in our guideline CCI . So all we do is wait for our confirmation candle to appear, as is the case in the examples and develop trade sale