CCI that responds more strongly at break than in a clinch
Hello!
This is Satori, delving into FX.
Today, I will deliver “CCI that reacts strongly at the break rather than during consolidation.”
The figure below is a chart image of the free version of the indicator packaged with the “CCI with Stochas Filter Indicator 3-currency set + Free version.”
We are using USDJPY 4-hour chart.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/7/b/7b75d9e7.gif
In the free version, the initial settings are such that buy signals appear when CCI is 150 or below and Stochastics is 20 or below, and sell signals appear when CCI is 150 or above and Stochastics is 80 or above. (For the tool EA, when the conditions are met, one position is placed with both a stop and take profit order in an OCO.)
Because it supports multi-timeframe, in the free version initial settings, lines for buy CCI and buy Stochastics are displayed on the current chart’s timeframe, while lines for sell CCI and sell Stochastics are displayed on the next higher timeframe of the current chart.
In the free version initial settings, the buying side is more sensitive.
CCI, in short, is an indicator that compares how many pips the current rate deviates from the 20-period moving average, relative to the past 20 periods' average deviation in pips.
When CCI = 0, it means the current price is above the moving average.
When CCI = 100, it means the price is above the moving average, and the deviation in pips between the price and the moving average’s 20-average deviation and the latest price deviation is the same.
When CCI = -100, it means the price is below the moving average, and the deviation in pips between the price and the moving average’s 20-average deviation and the latest price deviation is the same.
(In practice, since a constant is multiplied to the deviation average in the denominator, the absolute value tends to be slightly smaller than 100 or -100.)
A feature of CCI is that it does not react much in consolidation or boxed ranges, but when a break occurs, if the deviation pips of the latest price from the moving average greatly exceed the past 20-period deviation average pips, it reacts strongly. It is said to be strong in ranging markets and usable for both trend-following and counter-trend approaches.
The figure below shows test results of trend-direction opposite trading using CCI and Stochas Filter with 10,000 units across five and a half years.
We used USDJPY 5-minute, EURUSD 5-minute, and GBPUSD 5-minute charts.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/0/a/0ad20572.gif
In total over five and a half years with 10,000 units across three currencies, there were 2,521 trades (about 37 per month), with 2,149 wins and 372 losses, for a win rate of 85.244%.
Net profit was 869,700 yen, the profit factor (total profit / total loss) was 1.544, and the maximum drawdown was 27,954 yen.
CCI + Stochas Filter is characterized by having the smallest maximum drawdown.
The indicators used today are as follows.
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CCI with Stochas Filter Indicator 3-Currency Set + Free Version, Separate Release Tool EA
http://fxmt4indicator.abproducts.biz/wp/?p=2835
The free version buys when CCI is 150 or below and Stochastics is 20 or below, sells when CCI is 150 or above and Stochastics is 80 or above; includes a 5-year-and-a-half uptrend setting for USDJPY, EURUSD, and GBPUSD across three currencies, packaged with the free version.
/////////////////////////////////////////////////////////////////////////////////////////////////http://fxmt4indicator.abproducts.biz/wp/?p=2835
The free version buys when CCI is 150 or below and Stochastics is 20 or below, sells when CCI is 150 or above and Stochastics is 80 or above; includes a 5-year-and-a-half uptrend setting for USDJPY, EURUSD, and GBPUSD across three currencies, packaged with the free version.
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Please apply between September 1, 2018 and September 30, 2018.
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**********************************************************************
To express our gratitude, we are running a special summer gift campaign!
From August 1, 2018 to August 31, 2018, for one month
Arts Brain Products sitefrom
http://fxmt4indicator.abproducts.biz/wp/
We will present gifts according to the total purchase amount.
Please apply between September 1, 2018 and September 30, 2018.
If your total purchase amount is between 9,800 and 30,000 yen
Gift items total up to the purchase amount
If your total purchase amount is between 30,000 and 50,000 yen
Gift items total up to 1.5 times your purchase amount
If your total purchase amount is 50,000 yen or more
Gift items total up to 2 times your purchase amount
When applying, please email your purchase ID (order number), the purchased item name and its amount,
preferred item number, item name, and each amount.
We will generally send the items within 3 business days after receiving the application email.
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Thank you very much for reading this far today as well.
Please stay well and healthy.
Technical Trade Blog Ranking
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Publisher: Arts Brain Products
FX Technical Strategy Researcher
Satori Kokoro
Email: infoatmarkabproducts.biz
Blog: LifeStyle Indicator FX’s Research:http://fxmt4indicator.blog.jp/
Indicators & Tools & EA:http://fxmt4indicator.abproducts.biz/wp/
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