This is a very simple strategy based on 30 minutes time frame with
trend trading. It has cci indicator with its default setting i.e 14
period on 30 minutes. I used CCI indicator, because CCI is a cyclic
indicator, which can tell overbought and oversold areas as well as it
is a leading indicator. Strategy triggers buy trade, if 2nd last cci
candle reading is below 100 and last cci reading (i.e previous) is
above 100, and it triggers sell trade if 2nd last cci candle reading
is above -100 and last cci reading is below -100. It uses fixed Take
profit level i.e 14 pips, because average range on EURUSD pair after
making a trend is 12 - 20 pips on 30 minutes time frame. Stop loss is
fixed to 250 pips. Lot size is also fixed and it is 6 million in
Version 1.
https://www.dukascopy.com/fxcomm/blog/?action=post-show&post_id=223930