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Thread: As Promised, here is a multi-timeframe positional strategy based on CCI.
CCI Basics: A CCI reading above 100 is considered Bullish and overbought and a reading below -100 is considered Bearish and oversold. 1/n
CCI Basics: A CCI reading above 100 is considered Bullish and overbought and a reading below -100 is considered Bearish and oversold. 1/n
I believe in buying overbought and selling oversold and this strategy is based on this assumption.
Entry criteria: CCI(34) on Weekly crossed above 100 and CCI(34) on Daily >100. Enter only above weekly high
Stoploss criteria: Recent swing low on the daily chart 2/n
Entry criteria: CCI(34) on Weekly crossed above 100 and CCI(34) on Daily >100. Enter only above weekly high
Stoploss criteria: Recent swing low on the daily chart 2/n
Exit criteria: CCI(34) on Daily<-100
Holding period: Few days to many months
Pyramiding your winners should be considered to make your winners big. I'll write a post on this topic in the future. 3/n
Holding period: Few days to many months
Pyramiding your winners should be considered to make your winners big. I'll write a post on this topic in the future. 3/n
I have been #Trading since 2008, where I lost big in the initial phase, I have explained about my losses here (qr.ae/TU1cUq).
But my trading journey dramatically changed only after learning about #QuantitativeTrading, only after I was introduced to #Amibroker,
But my trading journey dramatically changed only after learning about #QuantitativeTrading, only after I was introduced to #Amibroker,
I got to know about its features and functionalities & learnt how to test #tradingideas,how to build a #TradingSystem, how to generate trading ideas and validate them, how to #backtest my trading ideas, till then I use to test my ideas manually going through many charts for hours
Remember #Amibroker is charting tool, but none of my trading system is based on #charts, instead i started using it for #dataanalytics & that has made all the difference.
