CCI Strategy using Stochastic and WPR - with Trailing Stop v2

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CCI Strategy using Stochastic and WPR - with Trailing Stop v2


CCI Strategy using Stochastic and WPR - with Trailing Stop

Author: eMoe

Modified by rezist

It is a modification of another strategy CCI Strategy using Stochastic and WPR


In this modification the strategy:
  1. Set the starting Trailing Stop at 50 pips. When the price moves 50 pips in the profitable direction, the Trailing Stop should automatically move 30 pips from the High price.

  2. Create additional signal when CCI rebounds from the zero line (provided that it has started moving from behind the +/- 100 line). Rebound is considered to be the indicator reversal in the range of 0 to +/-50, and the current CCI bar should be at least 15 pips larger than the previous one (the signal is ignored if the CCI bar rebounding from the zero line closes over the +/- 100 line). CCI must not cross the 0 line. If these conditions are met, the other indicators’ signals are ignored.

  3. Create additional signal when CCI crosses the 0 line and turns back before reaching the +/- 100 line on the opposite side (provided that it has started moving from behind the +/- 100 line). Crossing the0 line in the opposite direction and closing of the CCI bar at least 15 bar behind it gives the signal to open position (the signal is ignored if the CCI bar after penetrating the 0 line closes over the +/- 100 line and if 5 bars have formed on the opposite side before penetration). If these conditions are met, the other indicators’ signals are ignored.


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CCIWithTrailingStop.act CCIWithTrailingStop.act (8.04 KB, 1,125 views)


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