IvanLabrie

4H CCI Strategy

1501 3 100
Just a test...I'm not sure this will work 100%. I think the backtest is flawed (the exit parameters look suspicious)
Anyway, the strategy does make sense, maybe in live trading it'll toss good signals.
Can we apply it to our demo account here? (trading panl) Anyone?
Remove from Favorite Scripts Add to Favorite Scripts
//@version=2
strategy("4H CCI Strategy", overlay=true)
length = input( 11 )
overSold = input( -150 )
overBought = input( +150 )
price1 = high
price2 = low
ucci = cci(price1, length)
dcci = cci(price2, length)
vcci = cci(ohlc4, 11)

resCustom = input(title="Timeframe", type=resolution, defval="15")
Length = input(16, minval=1)
xPrice = security(tickerid, resCustom, hlc3)
xvnoise = abs(xPrice - xPrice[1])
nfastend = 0.666
nslowend = 0.0645
nsignal = abs(xPrice - xPrice[Length])
nnoise = sum(xvnoise, Length)
nefratio = iff(nnoise != 0, nsignal / nnoise, 0)
nsmooth = pow(nefratio * (nfastend - nslowend) + nslowend, 2) 
nAMA = nz(nAMA[1]) + nsmooth * (xPrice - nz(nAMA[1]))
basis1 = nAMA
slope = change(basis1,1)

if (not na(vcci))
    if (crossover(dcci, overSold))
        strategy.entry("CCILE", strategy.long, comment="CCILE")
        strategy.exit("exit", "CCILE", profit = 0.01, loss = 0.005)
    if (crossunder(ucci, overBought))
        strategy.entry("CCISE", strategy.short, comment="CCISE")
        strategy.exit("exit", "CCISE", profit = 0.01, loss = 0.005)
//plot(strategy.equity, title="equity", color=red, linewidth=2, style=areabr)
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
I'm working on fixing the tp and sl...I think there's an error either in my code or in the backtesting engine. It's closing trades during the same bar as they were opened, it looks strange.
Reply
Tremendous effort. Many thanks. :)
Reply
IvanLabrie PRO Captain_Walker
a year ago
No prob, I like this strategy very much. It has code for another filter but it's not using it currently.
I'll work on improving it, would be interesting to have it applied to a demo account here, for forward testing.
I'll consult with admin.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out