CCI+RSI+Stochastic-Reversal Strategy
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CCI+RSI+Stochastic-Reversal is an advanced strategy concept using the Commodity Channel Index indicator, Relative Strenght Index indicator, and Stochastic Oscillator.
Strategy Logic: The point of market reversal can be detected when the value of all the 3 indicators exceeds their preset levels (BUY LEVEL or SELL LEVEL) – in the same direction.
The trade is closed when the opposite level (BUY LEVEL or SELL LEVEL) on either of the indicators is exceeded.
Buy Signal: CCI, RSI, and Stochastic indicator values are below their preset BUY LEVELS.
Sell Signal: CCI, RSI, and Stochastic indicator values are above their preset SELL LEVELS.
Close Signal: Either of the indicator values exceeds the opposite preset level.
BB+Stochastic Reversal Strategy Inputs:
- UniqueStrategyNumber – Unique strategy identifier (Magic Number), each running strategy should have a different UniqueStrategyNumber
- CCIPeriod – Period settings for the CCI indicator (number of intervals from which is the CCI calculated)
- CCILevelBuy – Value of the CCI BUY LEVEL (Usually a negative number between -100 and -300)
- CCILevelSell – Value of the CCI SELL LEVEL (Usually a positive number between 100 and 300)
- RSIPeriod – Period settings for the RSI indicator (number of intervals from which is the RSI calculated)
- RSILevelBuy – Value of the RSI BUY LEVEL (Usually a positive number between 20 and 40)
- RSILevelSell -Value of the RSI SELL LEVEL (Usually a positive number between 60 and 80)
- StochasticK – Settings for the Stochastic indicator %K line (Period settings)
- StochasticD – Settings for the Stochastic indicator %D line (Period of %D line as an average from %K line)
- StochasticSlowing – Settings for the Stochastic indicator Slowing (Slowing period of %K line)
- StochasticLevelBuy – Value of the Stochastic BUY LEVEL (Usually a positive number around 20)
- StochasticLevelSell – Value of the Stochastic SELL LEVEL (Usually a positive number around 80)
- OrderSizeLots – Fixed order Size in Lots
- StopLossPoints – Stop Loss distance from the entry price in Points (0 = No SL is set)
- TakeProfitPoints – Take Profit distance from the entry price in Points (0 = No TP is set)
- TrailingStopPoints – Trailing Stop distance in Points. When the Stop Loss distance from the current price is higher, the Stop Loss is adjusted closer to fit the preset level (0 = No TS is set)
Point – Minimal change in the asset quotation (usually the last digit)
Pip = 10 Points (regarding FX pairs)
Get BB+Stochastic Reversal forex strategy:
Did you achieve the expected results in the backtest? Feel free to share your findings and opinions here in the discussion.
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