OPEN-SOURCE SCRIPT
CCI strategy on OIL1H
This indicator is based on Commodity Channel Index.
It buys when CCI on period 200 is under -130 and it´s rising last 12 bars. It closes the position by hitting Take Profit, Stop Loss or opening short position.
It sells when CCI on period 200 is over 130 and it´s falling last 12 bars. It closes the position by hitting Take Profit, Stop Loss or opening short position.
This strategy seems to working just on
USOIL on 1 hour chart. This can predict that it´s just luck and not proper strategy or indicator I would use for trading.
This script is just for educational purposes and that´s why the script is open. I will be happy if you will leave comment and try to come up with some ideas how to improve this strategy, so it can be used also on other commodities/forex pairs.
It buys when CCI on period 200 is under -130 and it´s rising last 12 bars. It closes the position by hitting Take Profit, Stop Loss or opening short position.
It sells when CCI on period 200 is over 130 and it´s falling last 12 bars. It closes the position by hitting Take Profit, Stop Loss or opening short position.
This strategy seems to working just on
USOIL on 1 hour chart. This can predict that it´s just luck and not proper strategy or indicator I would use for trading.This script is just for educational purposes and that´s why the script is open. I will be happy if you will leave comment and try to come up with some ideas how to improve this strategy, so it can be used also on other commodities/forex pairs.
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