Reversal with Stochastic, CCI and Keltner Channel strategy
This is a trading strategy to catch a turn in trend using Stochastic, Commodity Channel Index (CCI), and Keltner Channel. Here’s the concept.
Enter position on concurrent signals from the following indicators. CCI (which marks a turn), Stochastic (in corresponding overbought or oversold zone for confirmation), and Keltner channel (relative position of the current price) signals.
To avoid hunting for tops or bottoms in a strong move, do not enter if the current trend is obviously opposite of the entry position. That can probably be filtered by a 2-ema technique, MACD, or by analyzing a higher time frame.
Below are two example charts with all the indicators used illustrated along with the entry signals. Blue dots for long entry, red for short.
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Hi, Paul
Which company do you think is better for forex trading except Dukascopy?
Your trading indicators are provided by the trading companies or bought from another resource, such as esignal?
Are you in Canada? Toronto?
Thanks
Actually, I prefer Interactive Brokers and Oanda to Dukascopy. I chose Dukascopy because they offer micro-lot and a free API. You can see my forex brokers comparison in this post.
I use both standard indicators that’s the same everywhere and proprietary indicators that’s not available anywhere. The data I use is from my broker. I don’t use premium data services like eSignal because I can’t afford it. I would like to though, eventually.
I’m in Ottawa. Are you from Toronto?