{"id":3196,"date":"2020-03-20T20:27:17","date_gmt":"2020-03-20T17:27:17","guid":{"rendered":"https:\/\/roboforex.com/blog\/?p=3196"},"modified":"2026-05-26T10:56:12","modified_gmt":"2026-05-26T07:56:12","slug":"the-woodies-cci-strategy-trading-without-price-charts","status":"publish","type":"post","link":"https:\/\/roboforex.com/blog\/blog\/2020\/03\/20\/the-woodies-cci-strategy-trading-without-price-charts\/","title":{"rendered":"The Woodies CCI Strategy: Trading Without Price Charts"},"content":{"rendered":"\n

The Woodies CCI<\/a><\/strong> is a trading method, created by Ken Wood<\/strong>, is a very simple system. It is even said that for using this method successfully, trading by the rules suggested by the author is enough. Earlier, we described the Turtle system<\/a>, in which some students had also failed to succeed because they ignored some rules and skipped signals<\/a>. Here, Woodie offers a whole set of rules: the trader only needs to follow them.<\/p>\n\n\n\n

The work consists of searching for graphic patterns<\/a>, drawing trendlines<\/a>, and watching the breakouts of horizontal lines right on the indicator chart. I must note that we can do something similar with the RSI<\/a>: we draw trendlines<\/a> and receive leading signals<\/a> in the case of a breakout right on the indicator chart; on the MACD<\/a>, we search for graphic patterns<\/a>, such as Head and Shoulders<\/a>.<\/p>\n\n\n\n

<\/span>Description of the Woodies CCI indicator<\/span><\/h2>\n\n\n\n

Initially, the system was meant for trading CFDs<\/a>, but with time traders started using it for other market types as well. Likewise, many other systems were originally designed for the stock market but are now successfully used on Forex<\/a> market.<\/p>\n\n\n\n

\"Woodies<\/a>
Woodies CCI indicator<\/figcaption><\/figure>\n\n\n\n

The system is based on two CCI indicators<\/a> with different parameters. The instrument itself uses the cycles of price movements<\/a> — in detail, you can read about the CCI in the blogpost below. <\/p>\n\n\n\n

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Getting Acquainted with CCI Indicator<\/a><\/blockquote>