Topic: Question Regarding 'Opening Point of the Position' and CCI
Hello everyone- First I'd like to say thank you for the forum and for FSB.
Have a quick one regarding a CCI based entry if anyone would be willing.
Asked simply:
Is CCI available as 'Opening Point of the Position' logic?
Explained:
I'm looking to achieve entry when the CCI crosses the level line upward. (in this particular case I've defined it as 100). I have added CCI as an 'Opening Logic Condition,' however the position will of course be opened based on the logic of the 'Opening Point of the Position' as well.
Where I'm running into difficulty is in setting the logic and parameters of the 'Opening Point of the Position' - Although there's a wide variety of options for setting the 'Opening Point of the Position', among them I'm not seeing CCI.
This creates difficulty by producing significantly different results than if only the CCI 'Opening Logic Condition' is used. (For example, if 'Opening of the Bar' is used as opening point and we're using a 1-minute bar, it's possible that 55-60 seconds [and etc. for other time frames] could pass after the CCI has crossed the 100 level upward and the position is finally opened. )
Therefore, I'm looking for a way to open the position solely based on the CCI logic.
So to clarify-- the 'Opening Point of the Position' logic would in essence be: Long market order is entered when CCI crosses the level (100) line upward. Without any additional opening point parameters (aside from lot size etc.).
Is this possible at this point?