CCI Expert Advisor Setup - Setting Up Commodity Channel Index Expert Advisor

Commodity Channel Index Expert Advisor Setup - Setting Up CCI Expert Advisor - A trader can come up with CCI Expert Advisor based on the Commodity Channel Index (CCI) indicator explained below.

Commodity Channel Index (CCI) Expert Advisor rules can be combined with other indicators to come up with other EA Bots that trade using rules based on two or more indicators combined to form a system.

Commodity Channel Index - CCI Analysis & CCI Signals

Created by Donald Lambert

The CCI measures the variation of a commodity price from its statistic mean/statistic average.

This indicator is an oscillator trading which oscillates between high levels & low levels

When the Commodity Channel Index is high it portrays that price is unusually high compared to the its average.

When the CCI is low it illustrates that price is unusually low compared to the its average.

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Commodity Channel Index Expert Advisor Setup

Forex Technical Analysis and How to Generate Signals

Overbought/ Over-sold Levels

The Commodity Channel Index typically oscillates between ±100.

Indicator values above +100 indicate an overbought conditions and an impending market correction.

Indicator values below -100 indicate an oversold conditions & an impending market correction

Buy Trading Signal

If the Commodity Channel Index trading indicator is over-sold, areas below -100, then there a pending market correction.

Over-sold levels will remain intact until Commodity Channel Index indicator starts to move above -100.

When price starts moving above -100 then that's interpreted as a buy.

The Commodity Channel buy signal should be combined with a trend-line break signal to confirm the buy.

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Buy Trade - Forex Commodity Channel Index EA Setup

Sell Trading Signal

If the Commodity Channel Index is over bought, zones above +100, then there a pending market correction.

Overbought levels will remain intact until Commodity Channel Index trading indicator starts to move below +100.

When price begins moving below +100 then that is a interpreted as sell.

This Commodity Channel sell signal should be combined with a trend-line break signal to confirm the sell.

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Sell Trade - FX Commodity Channel Index Expert Advisor Setup

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