The CCI indicator is used as well as for helping you getting in a trade, but as well as managing the trade. You can just use the CCI Indicator that comes along with the standard MT4 trading platform. 1 Minute Forex Scalping strategy using the CCI and TMA Slope MT4 indicator CCI Indicator For Day Trading Forex. By Galen Woods in Trading Setups on November 6, 2019. Donald Lambert introduced the Commodity Channel Index (CCI) in the Stocks & Commodities magazine back in 1980. Now, you can find the CCI as a standard indicator in most charting packages. Clearly, it has stood up to the test of time. CCI indicator was created to identify bullish and bearish market cycles as well as to define market turning points, market strongest and weakest periods. Designed for commodities, CCI has quickly found its application in other markets including Forex. The author advises to use CCI for entries and exits once CCI reaches +/-100. It goes as follows: On the spread, CCI Traders offers the choice of fixed or variable spread depending on your trading category. In our CCI Traders forex Review, the minimum spread on FX pairs was 0.9 pips, which is reasonable considering that the broker does not charge commission or the overnight swap costs. The CCI Trigger Indicator is a MetaTrader 4 (MT4) indicator that can be used with any Forex Trading System for extra confirmation to enter or exit a trade. This indicator works with all currency pairs and all timeframes.