RE: [amibroker] Re: CCI ZLR, AmiBroker Email List Archive

Thank you everyone for your help.

Mark, I think your code looks good and is an excellent starting point. The entry looks great, and the exit is one of many. Thank you.

There are many nuances to Woodie’s CCI which makes it hard to trade for some, easy for others. Myself, I have had good and bad days papertrading but have not committed real money yet.

These days, Woodie uses a LSMA 25 as a filter as well as a “Sidewinder” which is, as far as I can tell, a filter incorporation the angle of the 34 EMA (to get a good trend slope) as well as some sort of volatility measure.

Exits are tricky as well and are implemented differently if traded with one or more contracts. Woodie encourages to start learning his method with one contract but to be really profitable one needs to trade multicontract as the runners will eventually make the system profitable.

There is a good intro manual by a guy named Jeff on the website woodiescciclub.com. If nothing else, Woodie is an excellent teacher of trading discipline.

Anthony C. Abry

-----Original Message-----
From: quanttrader714 [mailto:quanttrader714@xxxxxxxxx]
Sent: Monday, December 06, 2004 6:36 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: CCI ZLR

Hi Anthony,

A while ago, I took a look at the manual that explains Woodie's
patterns and attempted to code ZLR for long trades (below). This and
every other variation I tried performed poorly. I think this code
pretty much captures the essence of the pattern but if I'm mistaken, I
welcome constructive feedback. Watch out for wrapped code. Good luck.

Mark

SetTradeDelays(0,0,0,0);// no trade delays
BuyPrice=C;
SellPrice=C;
wcci=CCI(14);
tcci=CCI(6);
Ct=IIf(wcci>0,1,0);
sct1=Sum(Ct,8);// # of times in last 8 bars CCI was >0
sct2=Sum(Ct,2);// # of times in last 2 bars CCI was >0

Buy= sct1>=7 AND sct2==2// 7 or more of last 8 CCI bars must be >0 AND
last 2 must be >0
AND wcci>Ref(wcci,-1) AND Ref(wcci,-1)<=Ref(wcci,-2) AND
Ref(wcci,-2)<=Ref(wcci,-3)// CCI bounce
AND LLV(wcci,3)>=-100 AND HHV(wcci,3)<=100;// CCI bounce occurs
between +/- 100

Sell=wcci<=Ref(wcci,-1)// declining or flat CCI
OR Cross(0,wcci)// CCI crosses below zero line
OR tcci<=Ref(tcci,-1)// declining or flat TCCI
OR Cross(wcci,tcci);// TCCI crosses below CCI

SetOption("MaxOpenPositions", 20 );
PositionSize = -5;

--- In amibroker@xxxxxxxxxxxxxxx, Anthony Abry <abry@xxxx> wrote:
> I was wondering if any of you have ever coded Woodie's CCI zero line
> reject into AB.
>
> As a first step to learn some coding I am currently trying to do,
>
> If CCI(14) has been positive for 6 bars then buy. Sell when CCI
> declines.
>
> The next step would be, if CCI(14) has been positive for 6 bars, and has
> been above 100 and has retraced back below 100 and then turns up again,
> then buy.
>
> I have tried many variations - all of which show me I am not fit for
> programming.
>
> Any help appreciated ......
>
> Anthony Abry

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