CCI and Awesome Oscillator Signals with Candlestick Filters

Summary

This expert advisor combines Commodity Channel Index (CCI) and Awesome Oscillator (AO) signals with price checks across recent bars and selected daily and hourly bars. Its settings include trade volume, stop loss, take profit, trailing stop and step, plus filters that compare unusually large candles. The description does not specify the exact entry rules, indicator settings, or how the price checks affect trades, so the strategy cannot be fully reconstructed from this text alone.

The document reports backtest results across 15 forex pairs in an all-ticks test. Results vary widely: a few pairs show small gains, while many lose money, and one pair has a much larger reported loss and drawdown. These figures illustrate that performance was inconsistent across the tested symbols. The text provides no test dates, starting balance, spread or commission assumptions, parameter selection process, or out-of-sample results, so the table is not enough to establish robustness or live profitability.

Key ideas

• The expert advisor uses CCI and Awesome Oscillator signals to guide trades.
• It checks recent open prices and selected bars on daily and hourly timeframes.
• Configurable risk controls include fixed stops, profit targets, and trailing stops.
• Optional candle-size filters compare neighboring bars to screen out large candles.
• Reported backtest outcomes differ substantially by forex pair, with many pairs losing money.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.