5 min 13 EMA band System

About six months ago I did this indicator with EA and tested it on only one months data ended with a 6 profit factor with settings of 20,6,6,4,-12
It works well in ranging markets in different pairs and time frames but the 5 minute cable is the best. Seems like the settings still work quite well but should be backtested again. When the market isnt in a strong trend It works uncannily well for having tested it only one months data and still works pretty well six months later in ranging markets but have not had time to find the proper filter to weed out the bad setups. Its simple strategy. The candle sticks on the 13 ema band of a 13 ema at the same time as a cross of the cci then moves down 10-20 pips then often times triggers again right after the trade is finished to the opposite of the bands ive seen this happen back to back many times sometimes four or five times in a row. Not sure its still that good. Take a look tell me what you think its worthy. Thanks alot

Sorry I meant to say that after backtesting the strategy was for the candle to close on the 6 band of the 20 ema..and the cross over of the cci settings 4,-12

sorry I meant to say that the strategy after optimizing was for the candle to close on the 6 band 20 ema I don't know what makes it work but found that it works sometimes when there is 5 minute divergence and very much so when there is a quick move against a strong 60 minute trend in the opposite direction and like i said in just sideways markets or when there is movement before a breakout

Can you post some charts?

These were recent winners, it still works after 6 months tested only one months data at the time but it doesnt happen as often now so maybe it should be reoptimized plus the markets don't act the same as before for the cable. Anyway The indicator will trigger when the bar touches the band at the same time as it crosses the cci but the indicator sticks on the close. IT would be interesting to see how it performs when it just touches the band on the cci cross and the bar doesnt have to close on the band to validate the strategy. And see how many of those setups pan out. WIth the right filters perhaps crossing of the bands dont have to be in exact alignment but the cci cross is what is key here I think so

Sorry the files were to big for the last post so Ive only included one here

You can see two other instances on the previous chart where the cci crossed but the candle wick didnt quite touch the bands at the same time.. missed by a hair and they were winners too! But I didnt mark them. thats over 100 pips in a couple of hours of day trading?

Thanks for sharing. Do you intend to tune it up a bit?

For some reason these won't open for me. Any hints?

The same for me. The EA writes: 2007.03.27 20:51:032007.01.05 15:10 Cannot open file 'C:\Program Files\MetaTrader 4\experts\indicators\iEmaCci2.ex4' on the GBPUSD,M5

This looks very interesting and I hope it continues to be very profitible for you.

I havent any idea why they wont open. a little bit later i will upload under a different file name. For now I wanted to say it works well identifying a 1-2-3 strategy where price trades through the band and cci once then retraces back and triggers again with the cci cross on the underside then go same direction as the two triggers..

I dont remember how I backtested to find those results but I did do a backtest on the one minute which was very reliable as well and this could have been taken from that but my one minute had different settings so maybe I did more then one backtest..try your own backtest on more data maybe you can get even better results but what i would really like is an indicator whose arrows stick when the bar touches the bands same time the cci crosses and not have the criteria that the bar closes on it.. then we can visually see how effective it can be without the close. this the main reason why i havent traded it cuz too many setups too identify and track of

extern int EMA_Period=13;
extern int EMA_Band=13;
extern int CCI_Period=14;
extern double CCI_UpLevel=40;
extern double CCI_DnLevel=-40;
extern bool UseAlert=true;
extern bool SendEmail=false;
extern int Repeat=3;
extern int Periods=5;
int Crepeat=0;
int AlertTime=0;
int Bar=0;

int DotPip=7;

//---- buffers


double BuyBuffer[];
double SellBuffer[];

double CciCurrent=0, CciPrevious=0;
double EmaCurrent=0;
double EmaUpBand=0;
double EmaDnBand=0;
double LastState[];



//+------------------------------------ ------------------------------+
//| Custom indicator initialization function |
//+------------------------------------ ------------------------------+
int init()
{
Crepeat=Repeat;
IndicatorBuffers(3);
//---- indicators
SetIndexStyle(0,DRAW_ARROW,EMPTY);
SetIndexArrow(0,233);
SetIndexBuffer(0, BuyBuffer);

SetIndexStyle(1,DRAW_ARROW,EMPTY);
SetIndexArrow(1,234);
SetIndexBuffer(1, SellBuffer);
//----
return(0);
}
//+------------------------------------ ------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------ ------------------------------+
int deinit()
{
//---- TODO: add your code here
RefreshRates();
//----
return(0);
}
//+------------------------------------ ------------------------------+
//| Custom indicator iteration function |
//+------------------------------------ ------------------------------+
int start()
{

int limit;
int counted_bars=IndicatorCounted();
if (counted_bars<0) return (-1);
if (counted_bars>0) counted_bars--;
limit=(Bars-counted_bars)-1;

LastState[0]=0;

for(int i=limit; i>=0; i--) {
CciCurrent=iCCI(NULL,0,CCI_Period,P RICE_TYPICAL,i);
CciPrevious=iCCI(NULL,0,CCI_Period, PRICE_TYPICAL,(i+1));
EmaCurrent=iMA(NULL,0,EMA_Period,0, MODE_EMA,PRICE_CLOSE,i);
EmaUpBand=EmaCurrent+EMA_Band*Point ;
EmaDnBand=EmaCurrent-EMA_Band*Point;
if (High[i]>=EmaDnBand && Low[i]<=EmaDnBand && CciCurrent>CCI_DnLevel && CciCurrent<CCI_UpLevel) {
BuyBuffer[i]=Low[i]-DotPip*Point;
LastState[0]=1;
}
else {
BuyBuffer[i]=0;
}

if (High[i]>=EmaUpBand && Low[i]<=EmaUpBand && CciCurrent>CCI_DnLevel && CciCurrent<CCI_UpLevel) {
SellBuffer[i]=High[i]+DotPip*Point;
LastState[0]=-1;
}
else {
SellBuffer[i]=0;
}

}


if (SellBuffer[Bar]>0) Alerts(0,1,0,0);
else if (BuyBuffer[Bar]>0) Alerts(1,0,0,0);
else Alerts(0,0,0,0);


//----
return(0);
}

void Alerts(int _buy, int _sell, int _exitbuy, int _exitsell) {
string AlertStr="";
AlertStr="";
string CurDate="";
CurDate=TimeToStr(CurTime(),TIME_DA TE|TIME_MINUTES);
//Alert system
if (UseAlert)
{

if (_buy==1)
{
if (Crepeat==Repeat)
{
AlertTime=0;
}
if (Crepeat>0 && (CurTime()-AlertTime)>Periods)
{
if (_buy==1) {
AlertStr=AlertStr+"Attention! EmaCci Buy Signal"+" Ask="+DoubleToStr(Ask,Digits)+" at "+CurDate;
Alert(Symbol()," ",Period(), ": ",AlertStr);
if (SendEmail)
{
SendMail(Symbol()+" "+Period()+ ": ",Symbol()+" "+Period()+": "+AlertStr);
}


Crepeat=Crepeat-1;
AlertTime=CurTime();
}

}
}

if (_sell==1)
{
if (Crepeat==Repeat)
{
AlertTime=0;
}
if (Crepeat>0 && (CurTime()-AlertTime)>Periods)
{
if (_sell==1) {
AlertStr=AlertStr+"Attention! EmaCci Sell Signal "+" Bid="+DoubleToStr(Bid,Digits)+" at "+CurDate;
Alert(Symbol()," ",Period(), ": ",AlertStr);
if (SendEmail)
{
SendMail(Symbol()+" "+Period()+ ": ",Symbol()+" "+Period()+": "+AlertStr);
}


Crepeat=Crepeat-1;
AlertTime=CurTime();
}

}
}

if (_exitsell==1)
{
if (Crepeat==Repeat)
{
AlertTime=0;
}

if (Crepeat>0 && (CurTime()-AlertTime)>Periods)
{
if (_exitsell==1) {
AlertStr=AlertStr+"Attention! Please check to close sell; ";
Alert(Symbol()," ",Period(), ": ", AlertStr);
if (SendEmail)
{
SendMail(Symbol()+" "+Period()+ ": ",Symbol()+" "+Period()+": "+AlertStr);
}


Crepeat=Crepeat-1;
AlertTime=CurTime();
}

}

}


if (_exitbuy==1)
{
if (Crepeat==Repeat)
{
AlertTime=0;
}
if (Crepeat>0 && (CurTime()-AlertTime)>Periods)
{
if (_exitbuy==1) {
AlertStr=AlertStr+"Attention! Please check to close buy; ";
Alert(Symbol()," ",Period(), ": ",AlertStr);
if (SendEmail)
{
SendMail(Symbol()+" "+Period()+ ": ",Symbol()+" "+Period()+": "+AlertStr);
}


Crepeat=Crepeat-1;
AlertTime=CurTime();
}

}
}

if (_exitbuy==0 && _exitsell==0 && _buy==0 && _sell==0)
{
Crepeat=Repeat;
AlertTime=0;
}

}
//



//----
return;
}

Can anyone tell us how to use the code just posted? Thanks.

Code made up as an indicator

Mart

Thanks for your efforts. All I get, tho, is a screen with a few arrows on it' nothing like what was shown on post #6. Any further help will be greatly appreciated as I think this strategy could be very helpful in a ranging market.

click on metaeditor inside metatrader then click on file, custom indicator, give it a name, then choose indicator in a separate window. copy and paste the code then click on COMPILE then close editor, close metatrader then reopen metatrader and install indicator

mart hart thank you! i was wondering if you can make it so when cci crosses the band it triggers and arrow sticks without the candle having to rest on the band at the close of the bar?

Carmel you have to add the cci indicator and the ema bands separately on the chart then you will see if the arrows line up with the settings. make the settings 20 ema 6 bands 6 period cci with levels 4,-12. I have not checked yet if the new indicator is the same or not..ill let you know if it isnt