The Academy of Forex
The Academy of Forex is building the best trading system with a team, and viewers can access previously tested indicators to potentially profit from. They test the CCI stochastic indicator, showing how it works for overbought and oversold signals. Viewers can also join their Patreon for access to exclusive trade advice and analysis.
Testing the CCI Stochastic Indicator: A Comprehensive Guide
Introduction
Welcome back viewers today we will be testing the CCI Stochastic Indicator. Before we dive into the testing, let us remind you that if you have not watched the previous videos on the Academy of Forex channel, you need to do that now. We are building the best trading system possible and as a team, we will all profit from it.
Link to Previous Videos and Trading View and Discord
You can find the link to the first video down below in the description and the top corner screen. Also, save a little bit of money by using the link below to sign up for Trading View. Additionally, feel free to join us on Discord; it is a free group communication platform where we are having great discussions about all things trading. Lastly, if you want a list of all the indicators we have tested along with their win rates, click on our nine-dollar Patreon link.
Exclusive Patreon Discord Channel
Our nine-dollar Patreon will give you the complete list of winning indicators we have tested. As a patron, you will also be invited to an exclusive Discord channel where we will give you links for the MT platform, post trade ideas, and give advanced advice. So, click the link below to join our Patreon.
Indicator Scoreboard
Before testing the CCI Stochastic Indicator, let us review the progress we have made so far. We have tested 317 indicators, and 129 of them have been winners, meeting or exceeding our 60% win loss ratio threshold. The best indicators have achieved a 100% win rate, but you need to watch the previous videos to understand their context.
CCI Stochastic Indicator Overview
Let us move on to the CCI Stochastic Indicator. This setup is relatively easy, with the oscillating line, an overbought and oversold area. When the oscillating line goes up above the red line, we are in overbought territory, and we must wait for the oscillating line to break back down below the red line. Similarly, when the oscillating line goes down below the green line, we are in oversold territory, and we must wait for the oscillating line to break back up above the green line.
Testing the CCI Stochastic Indicator
Let us begin testing the CCI Stochastic Indicator. We start with the green side in oversold territory. We watch for the oscillating line to pop back up above the green line, turning from green to gray, giving us a signal. We suffer a loss on our first signal, but we observe that shortly after, there was a little upward move. We pick up a short signal on the other side, leading us to take profit.
Moving along, we pick up a long signal, promptly getting stopped out. We note that once again, shortly after, there was a little bit of an upward move. We continue testing, and a short signal gets us to take profit again. We pick up another long signal, which eventually gets us to take profit but moves closer to the end of the year.
Joining the Patreon-Only Channel
It is worth mentioning that if you are looking to increase your trading knowledge, we recommend joining our Patreon-only channel on our Discord server. You will gain access to advanced information, such as a list of winning indicators we have tested for the MT platform. Members might also post regular trade analysis and screenshots of possible earnings from the trades they take. Whether you are a newbie or an experienced trader, joining like-minded people to bounce ideas off of and discuss trading strategies can be beneficial.
Conclusion
In conclusion, the CCI Stochastic Indicator works quite well, picking up profitable trades when used sensibly; however, like all indicators, it too has its limitations. Therefore, we recommend watching the previous videos and getting your feet wet with various indicators to find a combination that works best for you.
Thank you for joining us in testing this indicator. We hope to see you again soon.
