CAMMACD – an award-winning price action By Elite CurrenSea
Momentum trading is a commonly used trading strategy, mainly in Forex, CFD, and stock trading. Momentum trading is a strategy that uses the velocity of price movements to determine when and where to enter or exit positions. The strategy’s price movement is very similar to the one we use in physics. Momentum is created by multiplying mass and velocity. It describes the likelihood that an object will continue along the given path. This concept can be applied to Forex trading. The equation uses two variables: trading volume and rate of price change. If the price movement in a particular direction is strong enough, it can be expected that it will continue until the trend loses momentum.
The technical indicators used by momentum traders to measure the trend and the likelihood that the asset will continue in the same direction are abundant. The indicators can be used to measure the price change rate for a currency pair, indicate a probable trend retracement, or provide estimates of how long it is likely that the trend will continue. Although there are many momentum trading indicators, not all are available on global systems. Only a handful of systems can offer proprietary indicators, manual trading options, and proper support. One of them is CAMMACD – which has been nominated as the best price action semi-automated momentum trading system designed by Elite CurrenSea. We will cover the major features of the system and review its performance in greater detail in the article below.
Why momentum trading systems are important
To get the best out of your investment, you need a reliable, tested, flexible and multifunctional trading system. While few traders are skilled enough to design their own momentum systems, it takes a lot of time and financial resources. It is important to be able to spot new trends in Forex markets, but also be quick enough not to miss them and get in when they are already dying out. To avoid large losses, you will need to adhere to strict money management rules and risk management principles.
Many templates are already available online from exceptional traders and financial institutions. This is because most traders, whether they’re beginners or intermediates, won’t be able to design their own momentum trading system. Below, we will list the best momentum systems templates for novice, intermediate, advanced, and expert Forex traders. These templates can be used with fully automatic or semi-automatic solutions.
What is CAMMACD?
CAMMACD is a semi-automated momentum trade system that generates reverse indicator-based alerts, optimizes entries and displays a 15-minute chart. This advanced momentum trading tool, which is based upon the Black Widow method, is suitable for intraday Forex trading as well as CFD trading on stocks and other financial instruments. The system’s historical drawdown is limited to 20%, which guarantees simplicity and high win rates.
CAMMACD is actively promoted and used by large trading communities like Forex Factory, Investing.com and FXEmpire with many other contributors as well. COMMAND includes predefined MetaTrader 4 templates with various technical indicators and ATR levels.
CAMMACD indicators
CAMMACD provides indicators that can be used by all levels of Forex trading expertise, including simple and complex indicators such as ATR levels, reverse indicators, and three custom trend indicators. The system provides the Momentum Reversal Indicator, also known as the Reverse Indicator (or MRI),which is a more advanced indicator that is used to predict the end of a trend. It is best to familiarize yourself with the basics of MRI before using it to project trend-ending trends. It is a great tool for deciding when to exit a market based upon price momentum.
MetaTrader 4’s ATR levels is a MQL trading platforms’ indicator that transforms historical data about specific currency pairs and financial assets. This indicator is useful for identifying patterns and peculiarities in the price dynamics of instruments that are otherwise not visible to the naked eye. Camarilla.PRO, a proprietary indicator from the CAMMACD system, allows identification of key levels on two time frames instead of one. It provides very precise support and resistance, trading with bounces or breaks, as well as trading with a trend or a reversal. Camarilla.PRO is the best tool to understand intra-day, intraweek and intra-month space. However, it should not be used alone.
Atr.PRO is a favorite indicator for day traders because it shows projections of the day’s highs or lows. It will display all the major ATR levels, and calculate support and resistance levels every day before the market opens. atr.PRO also displays price targets to its users for intra-day trading. It is a great tool for trading counter-trends and trends. Macd.PRO is a momentum trading indicator that analyzes the upside and downside impulses as well as retracements and pullbacks. This is a proprietary version of the moving average convergence divergence indicator (MACD), which we have already covered in this article. Macd.PRO provides insights into divergence patterns and offers impulse analysis as well as trend retracements.
CAMMACD price
Black Widow, an operating system for CAMMACD is a premium, exclusive trading method that was developed in strict compliance with Nenad Kerkez (aka. UK Forex Award winner). Tarantula), so it’s not surprising that the pricing for each product is different. For 1,299 Euro, traders can get lifetime access to Black Widow or CAMMACD momentum systems. The plan also includes many benefits, including educational resources such as SWAT handouts, books, and an ECS.PATS template. There are also numerous materials that can be used to help the user.
Users can purchase individual indicators from the provider if the pricing isn’t convenient: camilla.PRO costs 129 Euros, atr.PRO costs 119 Euros, and macd.PRO costs 29 Euros.
