CCI Trade System
The CCI Trade System makes use of the Commodity Channel Index to identify overbought and oversold levels in the market. The Commodity Channel Index (CCI) is a technical indicator that measures the difference between the current price and the historical average price.
When the CCI is above zero, it indicates the price is above the historic average. Conversely, when the CCI is below zero, the price is below the historic average.
The CCI is an unbounded oscillator, meaning it can go higher or lower indefinitely. For this reason, overbought and oversold levels are typically determined for each individual asset by looking at historical extreme CCI levels where the price reversed from.
We will be using the CCI indicator together with a custom trend indicator in order to identify long entry levels in a bull market and also to identify short entry levels in a bear market. All positions will be protected with a stop loss for both long and short positions.
The CCI Trade System can be applied to the following markets:
- Crypto Currency
System tests in all market segments have delivered favorable performance results in the following time periods:
- 240 minute
Trading in shorter time periods (15 minute, 10 minute, 5 minute) tend to deliver volatile results and should be avoided.
This Metastock custom Add-on can be purchased only from the Metastockswiss website. Purchasers will receive download access via Dropbox to the software. Once downloaded the file must be double-clicked which will initiate the self-installing process directly into Metastock.
The CCI Trade System includes the following modules:
- CCI Trade System Test
- CCI Trade Expert Advisor
- CCI Trade Open Position Exploration
- CCI Trade Stop Loss Indicator
- CCI Trade Template
The CCI Trade System Test gives users the option to review system performance for any market in any time frame before they commit funds to the market.
Be aware that the end of day version of Metastock (Metastock DC XVII) will only deliver performance results for daily, weekly or monthly periodicity.
Performance results for intra-day data ( 240 hour, 120 hour or hourly periodicity will require the real.time version of Metastock (Metastock R/T XVII)
Both versions of the Metastock software can be purchased on the Metastockswiss website.
The illustration below depicts the CCI Trade Expert Advisor Template. The current market trend is positioned at the base of the template and informs us of the bullish (green) or bearish (red). The system will look for opportunities to go long in a bullish trend and to go short in a bearish trend. A white dotted line appears when a long or short position is opened and acts as a protective stop level.