|System: Metatrader 4|
Need default Metatrader indicator: CCI
Currency pair: EURUSD, GBPUSD, USDCHF
Limits by accounts: No
Type of trading: Middle-term automated trading
Neural network: light
Number of signals used 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 to 200 pips depending on signals from the 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 some 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 below -100 to generate sell or short trade signals. Investors may only wish to take the buy signals, exit when the sell signals occur and re-invest when the buy signal occurs again.
Specification: Advisor CCI
What You'll Get:
Content: Expert: Signal2forex.com_EURUSD_CCI_H1.ex4 (Unlocked), Indicator: CCI.mq4, NO MANUAL.