Let me say first, this isn't original with me.
I took it straight from Dr. Bob's method for Emini futures.
Dr. Bob used to be a routine around Woodie's CCI Club as much as I know, he devised this method.
I do not believe I've ever seen it seen it employed to forex earlier.
It appears to work really well- better than it does with futures. The breaks across 0 are a lot cleaner using forex.
The charts I'm revealing are GBP/USD 15M. Although it looks good on all time frames.
There are three types of entrance signals.
These will assume a very long entrance. Short entrances are the reverse.
1. CCI 50 crosses above its Zero line. The CCI 14 must also be above its line and price must close above the 34EMA.
2. First Zero Line Reject following the CCI 50 crosses above zero.
The CCI50 has crossed above zero. Either the CCI 50 or CCI 14 drops under 100 and shoots up.
3. Slingshot- The CCI 50 is above its line.
The CCI 14 drops under -75 , moves upwards and crosses zero.
Exits are up to you. Dr. Bob couldn't make his mind up about when to exit either. The entrances are great.
The loser on the best of the chart is really a news pub, which I would not have traded anyhow.