Thanx for the great work you do. i really give care for every word you write in this fourm . because it is 100% benefical for every trader as long as you are looking to give the benefit for all those good people in the fourm.
Accually I have a great Idea . that i used before with The VT trader. but I do like to use it with meta trader 4 because you can work with less than $1 .
I used this strategy and i was making good profit but demo . espeically this was will follow the trend carefully and give you a good number of pips daily one night i made 400 pip profit on gdpusd at night while i am sleeping and the auto trading is running.
CCI crosses above +40 (user-defined) only if CCI has crossed below and then above the zero level previously and alerts to close a buy trade if: CCI reaches +100, then close trade when CCI crosses below +40 OR if CCI never reaches +100, then close trade when CCI crosses below 0.0.
This trading system alerts to open a sell trade when CCI crosses below -40 (user-defined) only if the CCI has crossed above and then below the zero level previously and alerts to close a sell trade if: CCI reaches -100, then close trade when CCI crosses above -40 OR if CCI never reaches -100, then close trade when CCI crosses above 0.0
But here we need to change the CCI period from 14 to 50 To widen the gap for more accurate signals especailly when the market moving is weak. for not effecting your account.
I will put examples for both CCI defualt 14 and CCI 50 with the same chart and same period and see difference.