Strategy uses CCI and Fractals as two indicators. Default instrument
is GBPUSD. default amount is 5 mil. same as the limit set by trader
contest. Take profit and stop loss are set at 27 pips and 25 pips.
CCI uses 15
minute timeframe where as Fractal is based on 4 hours time frame to
make it more accurate. CCI identifies if the market is in oversold or
overbought conditions. Oversold condition for CCI is below -120 and
overbought condition is for above 120. Fractals are used to open
trade
positions. for example, if there is a minimumfractal, strategy opens
buy position. If there is maximumfractal, strategy opens sell
position. But before opening buy or sell position, the fractal signal
is filtered by CCI to confirm if the market is in oversold condition
(for minimumfractal) and overbought (for maximumfractal) Strategy is
good for ranged bound markets, performs well in consolidating market.
Overall, strategy recovers from any losses incurred during high
volatility.
version 4 adds (CCIFractals version 3) to open more positions. The
strategy is used as backup when CCIFractals4hour version is taking
too
long to open positions.
CCIFractals version 3:
Strategy uses CCI and Fractals as two indicators. Default instrument
is GBPUSD. default amount is 5 mil. same as the limit set by trader
contest. Take profit and stop loss are set at 27 pips and 25 pips.
CCI
uses 15 minute timeframe where as Fractal is based on 10 minute time
frame to make it more accurate. CCI identifies if the market is in
oversold or overbought conditions. Oversold condition for CCI is
below
-100 and overbought condition is for above 100. Fractals are used to
open trade positions. for example, if there is a minimumfractal,
strategy opens buy position. If there is maximumfractal, strategy
opens sell position. But before opening buy or sell position, the
fractal signal is filtered by CCI to confirm if the market is in
oversold condition (for minimumfractal) and overbought (for
maximumfractal) Strategy is good for ranged bound markets, performs
well in consolidating market. Strategy has losing trade if there is
too much volatility. But overall, strategy recovers from any losses
incurred during high volatility.
||||Version 5 adds 4 hour CCI, with 120 and -120 as overbougt and
oversold
levels respectively. CCIFractals version 3 is removed because of too
much drawdown. 4hourCCI is used to determine the longterm
trend.||||Version 6 changes CCI 15 minute value to 1 hour and tp and
sl
are changed to 50 pips each, the position amount is changed to 100
million.