Suggestion CCI Breakout Arrows

[larsan]

CCI breakout at level 0
Trend Confirmation using EMA 50

Simple logic to use with your own analysis.

Let me know your thoughts

 

[blackking]

Seem I am hear about indicator cci but never use it also ema indicator in my view this is lagging indicator
if likely this good for micro account might interested to attached on my micro account on firewoodfx

 

[ManTraX]

This is my review for this thread:
thanks for share this indicators dude

 

[lance]

THX VERY!!YOU ARE BEST MAN!!

 

[Bobbywine]

Hmm let me try it first

 

[suhendar888]

How do you use this Indi in your analysis ?
Buy setup ?
Sell setup ?
what TF ?

 

[rama1881]

Like a Banks Trade...

 

[Mehkhan]

This is my review for this thread:
Good indicator

 

[amirthanath]

This is my review for this thread:
Excellent

 

[moniq]

This is my review for this thread:
best

 

[Automate Fx Pro]

CCI breakout at level 0
Trend Confirmation using EMA 50

Simple logic to use with your own analysis.

Let me know your thoughts

Added Sound Alerts and Push Notifications In case it can be useful to someone

 

[Rosalina]

How do you use this Indi in your analysis ?
Buy setup ?
Sell setup ?
what TF ?

Some suggestion ...

TF = M5.
Symbol : I used EURUSD for backtesting.
Sell Entry: Only take Sell Signal when candle is above middle band. Ignore if candle crossed middle band or candle is already below middle band.
TP : Closed all Sell positions when candle hits lower band.
SL : There is no SL. All Sell positions must be closed when Buy Signal appears.

Buy Entry : Just apply the reverse.

For EA, I used trailing stop if there is only 1 profitable position OR group trailing stops if there are multiple position provided the sum of all positions are positive. You can either use the middle band as trigger level for starting your trailing stop (that's why candle must be above middle band for Sell) OR you can manually set your trigger trailing level and trailing steps.

Note 1: Not everyone can accept the fact that there is no SL. So you may want to allow SL (or even RiskRewardRatio) to be set in your EA. Or even close all positions when equity loss fall below specified threshold.

Note 2: There are many non repaint regression channel indicators (provided by the legendary mladen). Don't frustrate yourselves by using one that repaint