The possibility exists that you could lose more than your initial deposit.
A short position will be closed if the CCI level gets below a specific level. Please check out the functions glossary: Hi Yannick, i am getting the following error messages when I run the Strategy tester. I have increased the max bars per chart as per instruction and downloaded the relevant data in the history centre and the following arises as a result:.
Add a normal Moving Average to the chart and play around with the shift parameter to see how it works. By default, the exit level is set to 0. Use the strategy tester in the visual mode to see how different entry and exit levels affect the EA. At the moment you will receive an unlimited license to use my products, but you have to update the EA once a year. Maybe in the future, I will add a small fee for the updates. To use the candle trail function the StopLoss has to be greater than 0.
I will fix it as soon as possible. This site is gold, please keep up the good work. Kindly explain the difference between Inverse function and Close on Opposite Signal.
The inverse strategy opens a sell trade on a buy signal. If the closeOnOppositeSiganl is used and there is a buy signal, the EA closes all sell trades if there is any and opens a buy trade. Can someone who uses it, tell me more about it? After being recommended by a few people I looked at CCI on certain pairs and timeframes and it really seems that the Pro version could make quite some pips Esp.
Can a user of the Pro version verify this? But some experiences from other users would help as well. Your email address will not be published. It is as obvious as a Chuck Norris movie ending. The bottom line here is the indicator really just imitates the overall chart movement.
Some traders enter their trade in the direction of the 0 line break. Many hold on until it strikes bottom before they get out or they wait until it strikes the top. The example shows the CCI cutting through the 0 level, if you traded ever cross over here the trade either fails straight away, or climbs into negligible profits before caving in on itself. Surely one day you will catch that 0 crossover that will see the market produce an epic move, but the real question is will you have any capital left by then?
Traders also use the peaks and troughs in the CCI graph to spot divergence with the highs and lows of the chart. When there is a large gap between the mean and price, there is a strong chance of a reversal or correctional move in the market. The information is derived from the data we Price action traders use to trade on.
So why not cut out the middleman and trade price action directly. If you would like to improve your trading with price action then you can check out our Price Action Protocol trading course. In the course we will teach you how to read a plain price chart and how to utilize the mean value to pinpoint key areas on the chart to identify high probability, low risk trades.
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