|Limits: TEST ONLY|
System: Metatrader 4
Need default Metatrader indicator: CCI
Currency pair: EURUSD
Limits by accounts: No
Type of trading: Middle-term automated trading
Neural network: light
Number of signals using in trading: 6
Using with other EAs: yes
Broker account: any
Max. spreads allowed: 2.1 (21)
TakeProfit and StopLoss: automatic.
Size of TakeProfit or StopLoss: from 30 till 200 pips depending on signals from robot
Time of trading: adjustable
Lots: 0,01 – 100
VPS or Laptop: need 24/5 online
The CCI, or Commodity Channel Index, was developed by Donald Lambert, a technical analyst who originally published the indicator in Commodities magazine (now Futures) in 1980.
The CCI compares the current price to an average price over a period of time. The indicator fluctuates above or below zero, moving into positive or negative territory. While most values, approximately 75%, will fall between -100 and +100, about 25% of the values will fall outside this range, indicating a lot of weakness or strength in the price movement.
When the CCI is above +100, the price is well above the average price as measured by the indicator. When the indicator is below -100, the price is well below the average price.
A basic CCI strategy is to watch for the CCI to move above +100 to generate buy signals and move below -100 to generate sell or short trade signals. Investors may only wish to take the buy signals, exit when the sell signals occurs and then re-invest when the buy signal occurs again.
What do you need for testing this advisor:
- Open broker account or use existing. We recommend Pepperstone broker
- PC, Laptop or VPS for trading software (Metatrader 4) from your broker (PC must be online 24/5).
To ensure the 24-hour operation of the Metatrader 4 we recommend this Forex VPS Provider:
- Initial deposit on broker account for trading.
- Pack of expert advisors from our shop must be installed in the Metatrader according to video tutorial or FAQ.
Strategy tester video
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