CHO Trend Signals with a Dual CCI Moving Average Filter

Summary

This Expert Advisor combines the Chaikin Oscillator (CHO) with a custom dual CCI-on-moving-average indicator. CHO acts as a trend signal and also triggers position closures when it crosses zero. The CCI filter is used to add positions: a buy setup occurs when CHO is above zero and fast CCI crosses above slow CCI while fast CCI remains below zero. The described rules focus on buy entries; the document does not fully specify a matching sell-entry condition.

Zero-line crossings can close positions and open or reverse into the opposite direction, depending on the reverse flag and allowed trade mode. The EA also offers timeframe selection, intrabar or new-bar signal checks, optional time windows, stop loss, take profit, trailing stops, and fixed or risk-based position sizing. The document explains configurable mechanics but provides no backtest results or evidence of profitability. It also notes that only one market entry is permitted per bar independently of the setting that limits open positions.

Key ideas

• CHO zero-line crossings can close positions and trigger directional entries, subject to trade mode and reversal settings.
• A buy add-on signal requires CHO above zero and fast CCI crossing above slow CCI below the zero line.
• The EA can evaluate indicators on a selected timeframe and search either intrabar or on new bars.
• Time controls, protective stops, trailing, and fixed or percentage-risk sizing are configurable.
• The description gives operational rules but no performance evaluation.

Tags

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