1 Attachment(s)
CICR system Currency Index cross referencing.
Hello Trader,s
Please feel free to use this system. extremely powerful..
Here is how you go about it
My system is actually based on strength and weakness of individual indexes.
You will need to download the metatrader software "sigtrader" who provide index data eg. eurlfx, gbplfx, etc.
Please note this is a simple trading method so please dont complicate it too much and also if you dont have patience then this is not the system you are looking for. I am a swing trader so i have never tried this method on scalping but you are free to experiment.
So now coming to the method and the basic indicators you would need.
1) Macd, please download the one i am attaching here.
2) RSI (3)
3) Filter line
Ok now lets talk about the setup, there is some initial work involved but its worth it.
Firstly we have 8 individual currency index which are and these eight currencies can be paired in 56 different ways. I use two different metatraders.
In one of the metatrader i have created profiles which contain 7 pairs pertaining to every currency index.
Example for EURLFX the profile consists of EURGBP,EURUSD,EURAUD,EURCAD,EURNZD, EURJPY,EURCHF.
GBPLFX the profile consists of GBPUSD,EURGBP,GBPAUD,GBPCAD,GBPNZD, GBPJPY,GBPCHF
similiarly create currency profiles for every currency. The images below shall give you a clear under standing.
In order to learn how to use the system you check out the videos on youtube
Just type CICR LONG TERM on you tube
Cheers!!!
Capito (Proud to be Indian)