Tipu CCI Indicator For MT4



Table Of Contents:

  1. Tipu CCI Indicator For MT4
  2. Be a position trader
  3. Trading the bullish and bearish bar
  4. Executing trades during the news
  5. Minimizing the risk exposure
  6. Using the price action signal

The Tipu CCI Indicator For MT4 is most used to trade the key reversal. Those who are new in financial instrument trading might not have the idea to use the indicators. Indicators help the retail traders to find the best signals. Though you will have some tough time with to understand the basis of most of the popular indicator, you can easily solve this problem when you use the Tipu CCI Indicator For MT4.

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Reading the details of the Tipu CCI Indicator For MT4 is very easy. If you install the indicator, you will notice a histogram chart. If the histogram bar stays sky color, you need to consider the market is in an uptrend. On the contrary, if you spot a red bar in the histogram, you can expect bearish movement. With the help of this basic concept, you might find some good trades but to secure the best potential trade setup, you must read this article very carefully. In this article, we will highlight the major methods which you must follow to improve your win rate by using the Tipu CCI Indicator For MT4

Be a position trader

Selection of the frame plays a vital role in your trading success. Those who trade by using the Tipu CCI Indicator For MT4 never trade the lower time frame. Most of the time, the lower time frame generates low-quality trading signals. If you use the Tipu CCI Indicator For MT4 in the lower time frame, you notice a frequent change in the histogram reading. And finding the best possible trades during high data fluctuations make things hard. So, how do we avoid such issues in the trading profession? You have to use the daily time frame and look for potential trade setup based on technical and fundamental data. Though the reading of the Tipu CCI Indicator For MT4 is highly accurate in the daily chart, still you need to consider the fundamental data.

Trading the bullish and bearish bar

You need to consider two basic things in the Tipu CCI Indicator For MT4 reading. If you spot the sky blue color bar, look for a long trade. On the contrary, if you spot red color, look for a bearish signal. But never execute the trade when the blue or red bar is formed a few hours earlier. Let’s analyze a trade setup in the USDCHF pair.

Figure: Using the Tipu CCI Indicator For MT4

Those who are experienced in the trading business will understand why pro traders will execute long orders by seeing the chart. However, the novice traders might have some tough in understanding the trade setup in the above illustration. The Tipu CCI Indicator For MT4 printed a fresh sky blue color bar in the indicator window right after the rejection of the critical support level. This indicators, the bulls are trying to trade control of this market. Since you will trade against the major trend, you need to wait for the closing of the candle after the rejection. If the candle closes with a bullish tone, execute long order just like the above illustration.

Executing trades during the news

The Tipu CCI Indicator For MT4 can also be used to trade the high impact news. Some of you may think trading the volatile market based on indicator reading is a very hard task. But things are not hard provided that you know the right technique. To trade the major news, you need to concentrate on multiple time. Let’s say, you are looking trade the USDJPY pair after the NFP news. If the NFP data reflects strong performance in the U.S economy, look for bullish bar in the Tipu CCI Indicator For MT4. Instead of looking for the bullish bar in the daily chart, you need to look for fresh bullish bar in the 30 minute time frame. Why do we need to use the 30-minute time frame? We are switching to the smaller time data since it will help us to get a fresh bar in the Tipu CCI Indicator For MT4 reading. And if you execute a trade with fresh bar, chances are high you will never have to deal with market retracement.

Minimizing the risk exposure

Reducing the risk factors in trading might seem a very hard task. But thanks to the Tipu CCI Indicator For MT4 since it allows us trade with little bit high risk. By using this tool, you can filter decent trades and your win rate will increase to a great extent. Still, you should stick to the 2-3% money management system. Make sure you set the stops right below the demand zone for the bullish trade setup. On the contrary, set the stops right above the supply zone when you go for short order. Things might seem very easy, but still, you have to follow a conservative trading technique to safeguard your investment.

Using the price action signal

Those who are experienced with higher time frame strategy, always analyze the candlestick setup to trade the market. Try to blend your technical and Tipu CCI Indicator For MT4 so that you can find perfect trade setups. If possible, learn about the price action system so that you can execute the best possible trades based on the Japanese candlestick. Some of you might think you don’t have to use the Tipu CCI Indicator For MT4 since you will execute a trade based on price action trading strategy. If you think like this, you are not understanding the key purpose to use an indicator. Indicators will act as a filter tool. It will help you to find the best trade setups. Unless you use it with other trading strategies, you are not going to get a good result in trading.

 

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