CCI Reversal Signals with Candle Patterns and Position Sizing

Summary

This expert-advisor method combines Commodity Channel Index readings across four bars with open and close prices across three bars. It evaluates entry conditions shortly before a bar closes, and opens a trade only when the advisor has no existing position. The buy and sell rules pair CCI turns near zero with sequences of candle direction, aiming to identify reversals. Position volume can be fixed, increased after losses through a martingale scheme, or stepped up after selected winning or losing trades. Stop loss, take profit, and trailing-stop settings are configurable.

The document reports a multi-symbol test using a 15-minute timeframe and a stated initial deposit of $10,000. Results vary sharply by currency pair: some show modest gains, while many report losses, with drawdowns reaching over half of equity. The evidence is limited to the supplied test table; test dates, costs, execution assumptions, and robustness checks are not described. The martingale and incremental sizing options can amplify exposure, so the reported results do not establish general profitability.

Key ideas

• The entry rules combine CCI direction and recent candle patterns, with signals checked near bar close.
• The advisor permits only one open position at a time.
• Position volume may be fixed, increased after losses, or stepped up after selected outcomes.
• The supplied multi-pair test shows mixed performance, including substantial losses and high drawdowns on some pairs.
• The document does not specify test dates, transaction costs, or robustness checks.

Tags

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