In such cases, trust the first signal as long as the longer-term chart confirms your entry direction. The figures above use a weekly long-term and daily short-term chart. Other combinations can be used to suit your needs, such as a daily and hourly chart or a 15-minute and one-minute chart. If you’re getting too many or too few trade signals, adjust the period of the CCI to see if this corrects the issue. Stockcharts.com, Freestockcharts.com, and trading platforms such as Thinkorswim and MetaTrader all provide the CCI indicator.

We’re also a community of traders that support each other on our daily trading journey. The Keltner Channel or KC is a technical indicator that consists of volatility-based bands set above and below a moving average. The CCI is categorized as a momentum oscillator, which means that CCI is used to identify overbought and oversold levels. A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more. CCI TRADERS offers a fair trading environment for most types of traders.

Using CCI to find divergences

CCI Traders offers a range of financial products including Forex, commodities, indices, and stocks for trading. CCI TRADERS warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors. CCI TRADERS offers research options like an economic calendar and news, which are included in the charting package, as well as market analysis tools. Before starting to trade, potential CCI TRADERS clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If CCI TRADERS ’s website itself does not provide enough means, a trader should explore other informative sources to obtain that skills and knowledge. Bitcoin is the digital currency with the largest market capitalisation and price levels and dominates 50% of the total crypto market cap.

In our CCI Traders forex Review, the minimum spread on FX pairs was 0.9 pips, which is reasonable considering that the broker does not charge commission or the overnight swap costs. The product range is not extensive and does not cover all the asset classes. Also, there isn’t anything much in terms of education for beginners, nor is the customer support top class. As with other overbought/oversold indicators, this means that there is a large probability that the price will correct to more representative levels. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools.

Calculating CCI

The last step includes the multiplication of the generated final result and a constant, the majority of values will range between the values of +100 and -100. The MACD is another type of momentum indicator popular in the trading world due to its high accuracy and effectiveness. It is a more complex tool that uses the Moving Average to find the momentum and trend direction of an asset. The CCI indicator, in contrast, presents the oversold and overbought areas earlier than the MACD. Moreover, it is used to present the deviation from the average price.

Once the trading bias is set, daily CCI is used to generate trading signals when it reaches its extremes. With regards to the trading conditions, this CFD broker offers a mix of fixed or flexible spreads, with the latter starting at 0.01. Based on our analysis of the CCI Traders demo MT5 platform, we found the minimum spread on the FX pairs to be 0.1 pip, in line with the broker’s stated claims. In the case of commodities, the minimum spread was around 20 cents for crude oil and spot silver, and slightly more for spot gold. While studying the chart of an asset, investors may notice that the price movement can be in the opposite direction from the indicator’s movement. This can be interpreted as a strong sign of an upcoming trend reversal.

$2,000,000+ Traded on Profit

Next, fill out the basic info like your name, email address, country, phone number and click on ‘REGISTER’. the physician philosopher’s guide to personal finance Traders does not charge commissions on any of their products. They only earn from the spread, which is the bid-ask difference. These vary across products and asset classes and starts from 1 pip for FX pairs. It is a breeze to sign-up for the CCI Traders MT5 desktop platform.

https://forexbitcoin.info/ TRADERS offers access to over assets although retail accounts get only limited access. The professional and institutional accounts have full access, which include forex, commodities, indices and stocks, ETFs, and cryptocurrencies. The differences are primarily in the minimum deposit, trading platform, spread and max leverage. The basic trading strategy when using the CCI is to buy when it moves above 100+ and to sell when it moves below 100-. However there are some additional criteria that can be added to make the CCI trading strategy more robust and profitable in the long run. The first is to wait for a pullback that doesn’t break the zero level and then trade on the second break of the 100+ or 100- line.

CCI Traders is the trading name of CCI Trading LLC, a multi-asset CFD broker, incorporated in Saint Vincent & the Grenadines. The key highlight is the spread which comprises fixed or variable. The flexible spread starts from 0.01, among the lowest in the industry. Besides the bid-ask difference, there are no other costs such as commissions, overnight swap rates or fees across the entire product range, something unheard of in the CFD space. For scaling purposes, Lambert set the constant at 0.015 to ensure that approximately 70 to 80 percent of CCI values would fall between −100 and +100.

In conclusion, let us take a look at a more complex CCI strategy which, nevertheless, is suitable both for beginners and professional Forex traders. Beginners will be able to quickly understand the trading strategy through clear entry-exit rules, and experienced traders will be able to improve the system and achieve even greater efficiency with it. CCI’s energy marketing and trading business is fully integrated across our fundamental research, risk and investment platforms.

Lambert originally developed CCI to identify cyclical turns in commodities, but the indicator can be successfully applied to indices, ETFs, stocks, and other securities. The CCI formula creates a conveniently used number that statistically expresses how far recent prices have departed from a moving average. In this manner, CCI can be used to identify overbought and oversold levels.

• In an uptrend using CCI to time, the buy signal will always be the best CCI trading strategy, and in a downtrend using CCI to time the short signal.
• CCI Traders has a registered office on the 1st floor, First St Vincent Bank building, James St Kings town, as well as an office in Mauritius and two regional representative offices in Nigeria.
• Explicit divergences and convergences are formed much less often than just entering overbought and oversold zones, and therefore they produce a more reliable signal.
• There were two near-signals as CCI dipped to -97 in late June and early November.
• Join thousands of traders who choose a mobile-first broker for trading the markets.

Regardless of the account type or the trading category, none of these charges applies. The only trading cost to clients is the low spread that the broker charges when you enter and exit trades. The ECN broker claims to have adequate security measures in place to protect fund deposits. From oversold levels, an advance above −100 and trend line breakout could be considered bullish. From overbought levels, a decline below +100 and a trend line break could be considered bearish. A demo account offers the use of virtual funds instead of actual capital.

While the initial reaction time of less than one minute was pretty impressive, the support team’s response gradually increased as we asked them additional questions. If you choose the ECN trading facility, it is better that you sign-up for the MT5 platform. As part of the CCI Traders review, we tried to access all versions of the XOH Trader but were unsuccessful. Ultimately, we decided to continue our review of the CCI Traders platform and tools available from the Demo MT5 Desktop and Android applications. Tickmill continues to grow from strength to strength by offering traders just what they need to be successful in the markets.

If you are looking for specific information on the website like the product range, spread, fund security or trading tools, you may not be able to find them easily. Lastly, the CFD broker does not provide services to residents from Canada, North Korea, Syria, South Sudan, US, UK or Yemen. You cannot use the CCI signal alone without taking trend analysis into consideration because every market phase has a different trading characteristic. In an uptrend using CCI to time, the buy signal will always be the best CCI trading strategy, and in a downtrend using CCI to time the short signal.

So, if you have registered with the broker, wait for the email invite, and when you receive it, sign-up to participate. Automated trading features with the option to download indicators, trading signals and expert advisors from the codebase. Based on our extensive review of CCI Traders, we believe that the CFD broker appeals to all categories of individuals trading FX, commodities, stocks and indices. That’s because trading costs are negligible, one of the primary characteristics that clients generally look for in a CFD broker. Next, you calculate a simple moving average of the typical price for the number of periods specified. As with most oscillators, divergences between the indicator and the actual price action an also be applied to increase the strength of signals.

It is a tool used by both experienced and novice traders to maximize their potential profits. Still, it is important to understand the risks and benefits of this type of trading because it’s essential for making informed investment decisions. Both oscillators are commonly used at the same time for more accurate and efficient trading results. Thus, a potential buy or sell signal can be spotted when the CCI crosses the MA line. Additionally, if the MACD moves over or under the same line, it can be considered a validation of a buying or selling signal generated by the CCI indicator. The CCI function is based on the comparison between the current price position and its average value that is measured over a certain period.