In this post I will be reviewing the CTI Trading Indicator which is effectively an indicator to be used on multiple trading platforms to form part (or all of) a manual forex trading system. This is another forex product form the trading strategy guides development team who have a vast array of indicators for manual forex trading and even some automated versions of these manual systems. The CTI Trading Indicator is suitable for all levels of traders as you simply set it up on your trading charts using the provided instruction in just a few minutes. I would personally use any manual forex trading system on an ECN forex broker for the best possible trading conditions with low trading costs.
What is the CTI Trading Indicator?
The CTI Trading Indicator will analyse all the charts and time frames that you run it on for you whilst giving you an alert when it finds a signal. This means that you simply set it up on the charts you want it to track and it will do all the hard work for you so that you do not need to stare at the screen all day.
The CTI Trading Indicator is flexible as it can be used any time of the day on any currency pair to suit your online trading needs. You can use it for scalping, intra-day trading or swing trading.
I would personally trade it on the EURUSD & GBPUSD major currency pairs as I find that these tend to have the most liquidity and seme good movement.
In a nutshell, the CTI Trading Indicator is based on trading the channels which when done correctly can give powerful breakout signals. You may take the CTI Trading Indicator signals as they are stand alone or use further analysis such as a moving average or your very own support / resistance lines. If you have the knowledge, channel trading can be more powerful when combined with price action analysis (candlestick patterns).
What is channel trading?
Channel trading involves using technical indicators which highlight areas of support and resistance. Traders can use this information to assess whether they should open a buy or sell position, as well as to determine current market volatility levels. Trading channels can be drawn on charts to help see uptrends and downtrends. A trading channel is drawn using parallel lines that follow the price floor (support) and price ceiling (resistance). With a trading channel, most traders would look to sell at the upper resistance line, hold within the parallel trend lines, and buy at the lower support lines.
Trend Channels
Trend channels, also sometimes called price channels or trading channels, are a popular tool in technical analysis used by investors to determine good places to buy or sell. Trend channels consist of at least two trend lines that connect the swing highs and the swing lows of a trending or a sideways moving market.
Envelope Channels
Envelope channel refers to the upper and lower bands around price bars, generated by a moving average and a pre-determined distance above and below the moving average. The distance can be calculated through a percentage variable higher and lower than the moving average.
How does the CTI Trading Indicator work?
The CTI indicator has been designed to run in the MetaTrader 4 platform which you can download free of charge from most online brokers. You can install the CTI indicator into the platform and load it to the charts that you wish to follow. The indicator will then use its built-in algorithm to mark channels for you which can then be used to inspire potential trade opportunities.
In order to use CTI indicator, you will need a trading account with a forex broker. With so many forex brokers to choose from nowadays, it can seem very difficult to find a suitable option. If you are new to forex trading online and looking for some ideas, please feel free to browse my best forex brokers for some inspiration along the way.
IC Markets are my top choice of forex broker for manual and automated trading strategies. This is because I find them to have tight spreads, low commission fees and plenty of liquidity which means that you can get your trades executed at some of the best forex market prices at all times. From my experience, they also provide excellent 24/7 customer support and have a good variety of convenient account funding options for you to choose from.
CTI Trading Indicator Summary
Overall, the CTI Trading Indicator does a great job of automatically spotting and pointing out channels for you which you can then use for breakout trading. Breakout trading is all about identifying when markets enter sideways, consolidation ranges and taking advantage of any breakouts that lead towards new trends. It’s an opportunity to profit by predicting the breakout that will lead to the start of a new trend in the direction of the breakout.
If the market ranges, you could get into trouble but I would use sensible money management with a favourable risk to reward ratio so that my winning trades are greater than my losing trades. I would also have my trading discipline in check. I would look to get out of bad trades early and lock in good trades at break even point. I might even use a trailing stop to try and maximise each good trade as much as possible.
If you are interested in downloading the CTI Trading Indicator, you could always start on a demo trading account to begin with. This could be a great way to familiarise yourself with how to trade with the CTI Indicator and get the most out of it. You can get a free demo trading account from most forex brokers. Once you have built some confidence and have some success, you may then consider switching over to a real live account.
The CTI Trading Indicator comes with detailed instructions, trader’s dashboard, full support and a money back guarantee.
CTI Trading Indicator
$99
Pros
- Multiple Trading Platforms
- Multiple Currency Pairs
- Multiple Timeframes
- Manual Forex Trading System
- Channel Trading System
- Traders Dashboard
- Forex Signals
- Detailed Instructions
- Full Support
- Money Back Guarantee
Cons
- MetaTrader 4 Only
- Takes Time To Learn How To Use
- Not Ideal For Beginners
- Requires Some User Initiative
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
