FX Sniper T3-CCI Signals with Bar Confirmation and Candle-Based Stops

Summary

This document describes a forex trading method built around a CCI oscillator smoothed with a T3-style calculation. The indicator is said to generate directional signals as it moves across the zero line. The suggested entry waits for the second red or green histogram bar, while an earlier entry on the first bar is presented as less confirmed. An exit is taken when the blue line crosses zero. For a long trade, the stop is placed a few pips below the previous candle; the reverse placement applies to a short trade. The suggested markets are major currency pairs and timeframes from 15-minute bars to four-hour bars.

The document includes indicator code and attributes its adaptation to another published version, but gives no backtest, trade examples, or measured performance. It does not define the histogram color rules in detail, and the code assigns the same expression to both the histogram and line outputs. The stop distance is described as a small pip offset, without addressing spread, slippage, position sizing, or broader risk controls. The strategy should therefore be treated as an outline rather than validated evidence of an edge.

Key ideas

• The method uses a CCI-based oscillator smoothed through a T3-style calculation.
• The described entry waits for the second directional histogram bar, with the first bar treated as less confirmed.
• The proposed exit occurs when the oscillator line crosses the zero level.
• Stops are placed a few pips beyond the previous candle, with the direction reversed for short trades.
• The note gives no performance tests and leaves execution and broader risk controls unspecified.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.