Super Mega Winner trading strategy is an intraday trend-momentum system based on Commodity Channel Index (CCI) and Super Mega Winner indicator.
The trading strategy works best on 15 min and 30 min timeframes, and with currency pairs that have low spreads up to 2.8 pips.
How to trade with Super Mega Winner strategy
First of all, the system should only be used on trending pairs and avoided on ranging markets. To determine pair’s phase, use a higher time frame
To long an instrument the following conditions must be in place:
- Price is above EMA 55;
- Super Mega Winner indicator shows gray dot;
- Histogram CCI displays gray bar.
To short an instrument the following conditions must be in place:
- Price is below EMA 55;
- Super Mega Winner indicator shows red dot;
- Histogram CCI displays red bar.
Take profit targets depend on used time frame. For M15, take profit should be between 12-18 pips, while for M3o, TP should be around 15- 22 pips. Exit is also possible at the pivot alert levels. Lastly, order could be held as long as the trend prevails.
Meanwhile, stop loss should be placed at the previous high/low. It can be moved at the entry price after 10 and 13 pips profit on 15 and 30 min timeframes respectively.
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