I am hoping that someone here can program a seemingly simple MT4 custom indicator or EA for a trading strategy that I have backtested very effectively. It would make a sound whenever the CCI (20) exceeded 100 or -100, but not until it equaled or exceeded the level it reached the last time that it exceeded 100 or -100 on the same pair and time frame. So if CCI exceeded 100, topped out at 130, then went back under 100, then hit 130 again sometime later (even a week later), it would give an alert. Since I would have it running on multiple charts, it would also be good if it sent a message indicating which chart has the signal. Basically, the strategy gives a "buy high" and "sell low" signal in such cases because it indicates that a trend will continue when CCI exceeds its previous high or low set the last time it broke out. I didn't invent this strategy, but it seems to work well. But I don't want to stare at charts all day waiting for this to happen. It doesn't occur that often on any one pair but is high-probability when it does.
When a signal is given on the H1 or D1 charts, you use the low (or high) of the current candle as the stop and go long (or short) when the candle closes. Profit set at same amount of stop, and can divide your position in half and set two-times stop as another profit point. Works best on GBP/USD, USD/JPY, and USD/CHF.
Attached is a slightly modified form of a CCI with alert that I found here at FF. It gives an alert whenever CCI exceeds 100 or -100. Can anyone make it do what I described? I think you will be able to profit from it. Thank you.
When a signal is given on the H1 or D1 charts, you use the low (or high) of the current candle as the stop and go long (or short) when the candle closes. Profit set at same amount of stop, and can divide your position in half and set two-times stop as another profit point. Works best on GBP/USD, USD/JPY, and USD/CHF.
Attached is a slightly modified form of a CCI with alert that I found here at FF. It gives an alert whenever CCI exceeds 100 or -100. Can anyone make it do what I described? I think you will be able to profit from it. Thank you.
Attached File(s)
