Forex Morning Trade

Forex Morning Trade

$9.00

It works like a magic!

As a trader, I found this tool useful for spotting market trends and making informed decisions. The real-time data and clear chart patterns help identify potential trade opportunities.

Christina K

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INSTANT DOWNLOAD!

Price: $9.00  

Expert: ForexMorningTrade_EA.ex4 (Unlocked), Indicator: FxMorningTrade.ex4, Template: fx_morning_trade.tpl, UserGuide: ForexMorningTrade_manual.pdf.

Simple Momentum & CCI Trading System

This system relies on two key indicators:

  • Momentum Indicator: Standard Momentum set to a 60-period, calculated using the Typical Price

  • Commodity Channel Index (CCI): Standard CCI also set to 60-period, calculated from Typical Price

Additionally, there’s an optional tool to help guide your entries:

  • FxMorningTrade Indicator (Optional): Shows the ideal entry time, suggested entry price, stop loss, and profit targets.

How It Works

The system is straightforward. Let’s break down the setup and signals step-by-step.

Trading Time: 5:30 AM GMT
Be ready about 5 minutes before 5:30 AM and wait for the current candle to close. At exactly 5:30 AM, you’ll review the indicators’ values from the 5:15 AM candle to make your decision.

(For example, with Alpari UK broker, 5:30 AM GMT corresponds to 7:30 AM broker time.)

Trade Signals

Long (Buy) Setup:
Enter a long position if all of the following are true for the 5:15 AM candle:

  1. Momentum(60) is between 100 and 100.8

  2. CCI(60) is above 0
    If these conditions are met, buy at the market price.

Short (Sell) Setup:
Enter a short position if all of the following are true for the 5:15 AM candle:

  1. Momentum(60) is between 99.2 and 100

  2. CCI(60) is below 0
    If these conditions are met, sell at the market price.

That’s the entire system — simple, disciplined, and based on precise indicator readings.

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