CCI strategy on OIL1H

٢ ديسمبر ٢٠١٩

This indicator is based on Commodity Channel Index.

It buys when CCI on period 200 is under -130 and it´s rising last 12 bars. It closes the position by hitting Take Profit, Stop Loss or opening short position.

It sells when CCI on period 200 is over 130 and it´s falling last 12 bars. It closes the position by hitting Take Profit, Stop Loss or opening short position.

This strategy seems to working just on USOIL on 1 hour chart. This can predict that it´s just luck and not proper strategy or indicator I would use for trading.

This script is just for educational purposes and that´s why the script is open. I will be happy if you will leave comment and try to come up with some ideas how to improve this strategy, so it can be used also on other commodities/forex pairs.