CCI strategy on OIL1H by InvestorJakub
By InvestorJakub
Performance Metrics
- Author: InvestorJakub
- Symbol: TVC:USOIL
- Timeframe: 1 hour
- Net P&L: +2,849.34 USD (+28.49%)
- Win Rate: 50.0%
- Profit Factor: 2.117
- Max Drawdown: 542.58 USD (4.99%)
- Total Trades: 38
- Sharpe Ratio: 0.655
Description
This indicator is based on Commodity Channel Index. It buys when CCI on period 200 is under -130 and it´s rising last 12 bars. It closes the position by hitting Take Profit, Stop Loss or opening short position.It sells when CCI on period 200 is over 130 and it´s falling last 12 bars. It closes the position by hitting Take Profit, Stop Loss or opening short position.This strategy seems to working just on USOIL on 1 hour chart. This can predict that it´s just luck and not proper strategy or indicator I would use for trading.This script is just for educational purposes and that´s why the script is open. I will be happy if you will leave comment and try to come up with some ideas how to improve this strategy, so it can be used also on other commodities/forex pairs.