Implementation of strategy - MACD + CCI. Buy when MACD is above Signal line and CCI is below -100 (oversold). Sell when MACD is below Signal line and CCI is above 100 (overbought).
MACD swings highlight momentum shifts; CCI helps time pullback entries in that direction. Both long and short trades are possible.
Traders who blend momentum with oscillators may like this technique. Risk control uses an ATR stop.
Entry Criteria:
Long: MACD > Signal && CCI < CciOversold
Short: MACD < Signal && CCI > CciOverbought
[]Long/Short: Both
[]Exit Criteria: MACD cross in opposite direction
[]Stops: Percent-based using StopLoss
[]Default Values:
FastPeriod = 12
SlowPeriod = 26
SignalPeriod = 9
CciPeriod = 20
CciOversold = -100m
CciOverbought = 100m
StopLoss = new Unit(2, UnitTypes.Percent)
CandleType = TimeSpan.FromMinutes(5).TimeFrame()
[*]Filters:
Category: Mean reversion
Direction: Both
Indicators: MACD, CCI
Stops: Yes
Complexity: Intermediate
Timeframe: Mid-term
Seasonality: No
Neural Networks: No
Divergence: No
Risk Level: Medium