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CCI AND INCREASE VOL

CCI Volume Increase is an Expert Advisor from the series 'Trade systems with increasing volume of position'. Here you can find a short description of it. For more information on how to use this Expert Advisor, the test results and the analysis of its operation please refer to the corresponding article published in my blog TRADING WAY.
You may want to purchase the full version of the Expert Advisor with additional features: CCI VI Martingale.

The CCI indicator is used for generating signals. Signals for opening and modifying positions are produced according to formed bars of the current timeframe.

The list of Expert Advisor parameters:

  • Magic Number – magic number (identifier of trade operations of the Expert Advisor).
  • Deviation – price slippage in points.
  • Indicator Period – the period of the CCI (Commodity Channel Index) indicator.
  • Indicator Segments – in this parameter you set the number of bars where the CCI indicator grows/falls continuously. A value from 1 to 5 inclusive can be set. If the value is less than 1 or greater than 5, the Expert Advisor will correct it. You can see it while using the trade-informational pane for changing parameters during trading.
  • Take Profit – level of fixing the profit, which is indicated in points from the position open price. If the value is set to zero Take Profit will not be set.
  • Stop Loss – protective level, which is indicated in points from the position open price. If the value is set to zero, Stop Loss will not be set.
  • Trailing Stop – step in points used for modification of the protection level in the profitable direction. The level is calculated using maximums (High) of bars for Sell positions and minimums (Low) of bars for Buy positions. If the value is set to zero, the protective level will not be modified.
  • Reverse – in this parameter, one can specify if positions will be reversed in case an opposite signal appears. Value 'true' means that positions will be reversed if an opposite signal appears.
  • Lot – position volume (lot).
  • Volume Increase – the amount to increase the position volume by in case the condition is true. If you set a zero value, the volume will not be increased.
  • Volume Increase Step – distance from the last deal in points the price should pass before the condition for increasing the volume is considered true.

Conditions:

A signal to open a position is true if the following conditions are fulfilled:

For a BUY position:

  • If the CCI indicator grows for the number of bars specified in Indicator Segments, the position is opened. The screenshot below demonstrates an example, when the indicator needs to grow for five (4) bars for the position to be closed.
  • If a position is opened, the model of increasing the volume starts its operation in the Expert Advisor. The volume is increased if the price goes in the profitable direction and reaches the level, which is calculated for Buy positions as the last deal price plus the number of points indicated in Volume Increase Step.

For a SELL position:

  • If the CCI indicator falls for the number of bars specified in Indicator Segments, the position is opened. The screenshot below demonstrates an example, when the indicator needs to fall for five (4) bars for the position to be closed.
  • If a position is opened, the model of increasing the volume starts its operation in the Expert Advisor. The volume is increased if the price goes in the profitable direction and reaches the level, which is calculated for SELL positions as the last deal price minus the number of points indicated in Volume Increase Step.

Additional parameters and features:

The Expert Advisor additional parameters:

  • On/Off Info Panel – enables/disables the informational and trading panel in the right part of the chart.
  • Setting “On The Fly” – enables/disables the possibility to adjust parameters using the informational and trading panel. 

Several Expert Advisors from this series can be attached to different charts (symbols) without causing any conflicts in their operation.

Nork
3491
2016.12.24 04:21 
 

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Rodrigo da Silva Boa
7107
2016.03.11 03:32 
 

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Vadim Strelkov
7875
2014.03.18 08:11 
 

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