Name: Extreme EA
Rating: 4.238095238095238 (21 reviews)
Author: Vladimir Karputov

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Published by:

Vladimir Karputov

Views:

7545

Rating:

(21)

Published:

2018.12.28 13:09

Updated:

2019.01.17 11:29

Extreme EA.mq5 (35.23 KB) view

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Idea by: Scriptor

Code mq5 by: barabashkakvn

The EA works on hedge accounts ONLY!

The EA uses the following indicators: iCCI (Commodity Channel Index, CCI) and two iMAs (Moving Average, MA). It is possible to set a timeframe for CCI other than that for Moving Average. It is recommended to run the EA on timeframe CCI: timeframe or MA Fast and Slow: timeframe.

For indicator CCI, additional parameters shall be set:

CCI Up level - upper level (to be set as an integer)
CCI Down level - lower level (to be set as an integer)
CCI Current Bar - number of the bar, from which the CCI readings are taken

Trade signals for opening positions

Opening a BUY position: MA Slow #1 > MA Slow #2 && MA Fast #0 > MA Fast #1 && (int)CCI #CCI Current Bar < CCI Down level
Opening a SELL position: MA Slow #1 < MA Slow #2 && MA Fast #0 < MA Fast #1 && (int)CCI #CCI Current Bar > CCI Up level

Signals for closing positions

Closing a BUY position: MA Slow #1 <= MA Slow #2
Closing a SELL position: MA Slow #1 >= MA Slow #2

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22703

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Extreme EA - expert for MetaTrader 5