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Commodity channel index (CCI) is one of the most used trading indicators even in Forex and other markets.
Despite the fact that this indicator was, as the name suggests, created primarily for the commodities market. So today it is a full-fledged trading indicator that works across all markets and many traders are even able to achieve much better results with it than with any "professional" indicator.
Strategy entry rules (example)
Entering long positions
- Breaking the CCI zero bound from the bottom up
Entering short positions
- breaking the CCI zero bound from top to bottom
How to trade CCI zero
CCI zero is a very simple trading strategy, the essence of which is to wait for the moment when the value of the CCI indicator crosses the zero line and then enter a trading position in the direction of the breakout. Neither Stop-Loss nor Take-Profit is set in this strategy, as both of these pending orders here replace the subsequent breaking of the CCI zero value, which indicates exiting the current position and entering the opposite position.
CCI zero can offer traders well above-average profits and relatively small losses, especially in pro-trend times, which due to its success rate, which is around 65% in the long term, makes it an interesting tool even for those who do not have much financial capital.
