Popular Strategies to Follow with Advanced CCI Trading Robot Tools
of Simple CCI and the Advanced CCI Trading robots and trading tools were created to help you reach your goals and win in the market, not to give you some unknown magic formula or “AI” to predict the future. They were designed to give you many options for creating your own strategy.
We believe humans should be better than any robot. By doing so, humans gain not only the benefit of their strategy (if successful), but also the emotional satisfaction of success. If not, he earns from his knowledge to become a better and smarter trader.
In this article, we’ll take a look at some popular strategies to help you start your own journey with these “robotools.”
Strategy 1 – “Swing CCI”
Either robot can follow this strategy, so if you don’t have the money to buy Advanced CCI, we’re on your side. You can download the trading robot “Simple CCI” for free.
The idea is very simple. Buy above or below the CCI level, close and sell at another level.
Let’s look at a simple example using images.
Neither robot has the option of not adding stop loss or take profit levels. We believe that no matter what, there should be a stop loss somewhere. Murphy’s Law is so closely related to trading that following this strategy requires adding SL and TP levels far away from the entry price. And this is because we need to give the market some breathing room. Enter the market when you get an oversold signal (buy), exit and sell when you get an overbought signal.
Even if the market starts to move in one direction, the exit on a strong pullback will probably minimize losses.
You can search all available timeframes and explore all available assets from your broker.
I would like to give an example here. AUDUSD – Use H1 and add the following inputs:
-Buy when above 160
Sell if above 160
Close open position on opposite signal: TRUE
Let’s check the result (each tick is based on actual ticks for 1 year)
The result is a profit of over $25,000, making a $10,000 account worth $35,644.
More combinations can be explored using some of the advanced CCI Robot features such as Trailing SL, Dynamic Exit using the Manage tab. Here you can set a % or a specific amount to stop trading, as well as set a dynamic lot size. I will share some of them below.
From $10,000 to $89,498.
Strategy 2 – Mean Reversion
A very popular strategy and one of my favorites to use when the market is expected to return to the average price (MA) sooner or later.
To follow such a strategy, we enable the MA filter, which is only available in the Advanced version.
Enter the market when you see an oversold or overbought signal, with your target being the moving average of your choice.
Of course, we have our weaknesses and this is when the market is trending. Again we end with MA, but what if the trend is sharp and long. For this reason, we need a stop loss again. There are various ways to choose a suitable stop loss level:
The nearest high or low (sell high and buy low). You can also add some points to give some extra space for recent highs/lows to act as support/resistance levels.
Another way is to use the ATR coefficient. This way you can add a stop loss on a few bars above or below your entry point.
Last but not least, using distance in points is the most common method.
Let’s look at an example together.
Backtest period: 1 year
CCI period: 75
CCI method: standard price
Buy when price falls below MA and CCI falls below -150.
Sell when the price rises above the MA and the CCI rises above the 150 level.
More strategies coming soon…