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NEW CCI EA with conditions please help.
OK here is what I would like to come up with...
A CCI based system that can enter a position based on the crossing of set levels, 50, -50, 100, -100, 150, -150, 200, -200 (with more $$$/stronger signals as the levels get higher) but exits the position based on a float/"trailing stop" rather than set levels like the entry.
Trade just EURUSD, Cable, and USDJPY on a 15 or 30 min chart.
A trend indicator that determines how many lots to trade. trade with the trend = more lots against the trend = less lots or 0. Like counting cards at a blackjack table, the better the count the more you bet.
A simple Moving Averages of Relative Strength Index signal or just a MACD to validate the trade. The purpose is to stop trades when there is a CCI signal but no price movement.( this is up for debate, mabye a better indicator )
and finally good money management.
I would like to run it with risk capital so if all the signals are strong I am willing put up to %50 of account balance Equity on each position If all signals are strong (CCI, with the short,mid, long term trend and MACD). A go big or go home EA.
Let me know what your thoughts are. Suggestions ect...
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