Cross Grid Expert Advisor and CCI Indicator

By | January 29, 2019

Cross Grid Expert Advisor is the right choice for use as a companion for your business. EA has a full function so that all the demands of your business tasks can be found on this EA. Installation Cross Grid Expert Advisor is simple enough You can download EA at bbmaforex web page and then perform the installation to your MT4.

Cross Grid Expert Advisor and CCI Indicator Detail

CCI compares current prices with average prices for a certain period of time. The indicator fluctuates above or below zero and moves in a positive or negative range. While most values, around 75%, are between -100 and +100, around 25% of values ​​are outside this range, indicating a major weakness or strength in price movements.

Cross Grid Expert Advisor

Stock Chart with CCI Indicator

In the chart above, 30 periods are used for CCI calculations. Because the graph is a monthly chart, each new calculation is based on the last 30 months. CCI with periods of 20 and 40 are also common.

Period refers to the number of price bars inserted by the indicator in the calculation. The price tape can be one minute, five minutes, daily, weekly, monthly, or any time frame that you can access on your chart.

The longer the period chosen (the more bars included in the calculation), the less likely the indicator will move beyond -100 or +100. Short-term traders prefer shorter periods (fewer price bands in calculations), because this gives more warning, while long-term traders and investors prefer longer periods of 30 or 40. The use of daily or weekly charts is recommended for traders in the long run, while the short-run traders can apply indicators for hourly or even one minute charts.

Indicator calculations are done automatically via graphical software or trading platforms. All you have to do is enter the number of periods you want to use and choose a time period for your chart (for example, 4 hours, every day, every week). Stockcharts.com, freestockcharts.com and trading platforms such as Thinkorswim and MetaTrader provide CCI indicators.

If the CCI is above +100, it means the price is far above the average price measured by the indicator. If the indicator is below -100, the price is far below the average price.

CCI Basic Strategy

The CCI master strategy is used to track CCI above +100 which generates buy signals and moves below -100 which produce short sell or trade signals. Investors may want to receive a purchase notification, end the process when a sales warning appears, and then reinvest when a purchase warning reappears.

ETF Chart with CCI Basic Trade Signals

The weekly chart above triggered a sell-off signal in 2011 when the CCI fell below -100. This will tell the long-term trader that the possibility of a decline is taking place. More active traders can also use this as a short sell signal. This graph shows how a buy signal was triggered in early 2012 and long positions remained open, while CCI fell below -100.

Multiple Timeframe CCI Strategy

CCI can also be used in various time frames. Long-term charts are used to identify trends, while short-term charts identify weaknesses and entry points for those trends. Some time frames are usually used by more active traders and can even be used for daily trading because “long term” and “short term” are relative to how long a trader wants his position to last.

If CCI rises above +100 on your long term chart, it will show an uptrend and you will only see buy signals for the short term chart. The trend is currently being reviewed because the long-term CCI falls below -100.

Figure 2 shows the weekly uptrend since the beginning of 2012. If this is your long term chart, you will only receive a short term chart buy signal.

When using daily charts such as shorter periods, traders often buy when the CCI falls below -100 and then returns above -100. Then it will be advisable to stop trading after CCI rises above +100 and then falls below +100 again. If the trend towards the long-term CCI declines, this also shows a sell signal to divest all long positions.

Buy Signals and Exits in Longer-term Uptrend

shows three buy signals on the daily chart and two sell signals. No short trades have started, because CCI shows an upward trend in the long-term chart.

If the CCI is below -100 on the long-term chart, you only receive short-term sell signals for the short-term chart. The downtrend is proven because the long-term CCI rises above +100. The graph shows that you should trade short if the CCI rises above +100 and then falls back below +100 on the short-term chart. Traders will then exit short trades after CCI drops below -100 and then rises above -100 again. Alternatively, you can close all short positions when the trend towards the long term CCI occurs.

Alterations and Pitfalls of CCI Strategies

If you use CCI, you can adjust the strategy rules to make the strategy more stringent or appropriate. For example, if you use multiple time frames, you should make the strategy more stringent by only occupying long positions in a shorter time frame if the longer CCI is greater than +100. This reduces the number of warnings but ensures that the overall trend is very strong.

Rules for entering and leaving shorter time frames can also be adjusted. For example, if the long-term trend rises, you can drop CCI on the short-term chart below -100 before buying and then drop it back above zero (not -100). This is likely to result in higher prices but gives more confidence that the short-term reduction has ended and the long-term trend continues. With an exit, you might want to allow the price to rise above +100 and then drop below zero (not +100) before closing long positions. Although this may mean that some small defaults remain, this can increase profits in a very strong trend.

The figures above are based on the weekly long term and daily short term charts. Other combinations can be used as needed, e.g. For example, daily and hourly charts, or 15-minute and 1-minute charts. If you receive too many or too few trading warnings, adjust the CCI period to see if the problem is resolved.

Unfortunately, this strategy tends to produce a lot of false warnings or loss of trade if the conditions fail. It is possible that CCI will fluctuate in signal strength, resulting in short-term loss or unclear direction. In that case, entrust the first signal as long as the longer card confirms the direction of your input.

This strategy does not provide stop-loss, but it is recommended to consider risk. When buying, stop loss may be below the last low. If there is shortening, the stop loss may be above the last momentum.

The Bottom Line

CCI can be used in any market or time frame. Repeated trading will give more signals for buying or selling active traders. Traders often use CCI in the long term to identify existing trends, and in the short term, to isolate shortages and generate trading signals. Strategies and indicators are not without traps. By adjusting strategy criteria and indicator periods, better results can be achieved. Even though all systems are vulnerable to losing trades, implementing a stop-loss strategy can help limit your risk and test your CCI strategy to benefit in your market and time frame. This is a decent first step before you start trading.

CCI Cross Grid Expert Advisor Download

CCI Cross Grid Detail
Name : CCI Cross Grid
Pairs : GBPUSD
Time frame : M5
ECN ready : Yes
NFA ready : No
Execution : Auto
Stealth mode : Yes
4/5 digits : Yes
MM : Yes

Download

How to Install of a downloaded CCI Cross Grid Expert Advisor?

  • Open your MT4
  • Click ‘File/Open Data Folder’ from the top tab

Cross Grid Expert Advisor

  • Copy Experts files to the ‘MQL4>Experts’ folder
  • Restart your MT4
  • Open your favourite chart. Press the right mouse button and pick template
  • The system is ready for trading

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