CCI Breakout Signals with Indicator Mean-Line Exits

Summary

This document describes an Expert Advisor built around the iCCI_NR indicator. It opens a position at bar close when the indicator breaks its support or resistance levels and changes color. A position exit is signaled when the indicator crosses its mean line. These rules form a breakout-style system based on indicator behavior rather than a separate price trend or fundamental filter.

The document mentions a test on GBPJPY using an eight-hour chart for 2014 and says the displayed results used default inputs without stop-loss or take-profit settings. It provides no numerical performance measures, trade counts, costs, or comparison against a benchmark, so the cited test cannot establish robustness or profitability. The EA also depends on a separately compiled indicator file, and a library is mentioned for broker spread and order-protection support. No details are given about parameter sensitivity or how the system handles execution and risk beyond the stated test configuration.

Key ideas

• The system opens trades at bar close when the indicator breaks a support or resistance level and changes color.
• It exits when the indicator crosses its mean line.
• The cited test covers GBPJPY on an eight-hour chart during 2014 and uses default inputs.
• The test description says stop-loss and take-profit orders were not used.
• No numerical performance statistics or robustness analysis are supplied.

Tags

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