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Standart CCI

This is a classic Expert Advisor based on oscillator of the same name.


Input Parameters:

  • Closure active? - closure by indicator (provided that the closure parameters are specified in "High" "Low" - Sell will be closed by the Low level, Buy will be closed by the High level, respectively)
  • Take Profit - order to close with profit
  • Stop Loss - stop order
  • Use MM? - use money management?
  • Lots Per 1000 usd - if "Use MM" = true, then it is necessary to specify the maximum allowed lot size N per every $1000 of equity. (Ex. If equity = 10.000 usd, Lots Per 1000 usd = 0.1, then the position will be opened with 0,1*10 = 1 (lot))
  • Fixed Lot - fixed lot. (If "Use MM" = false, then the lot size is specified)
  • Frequency - the frequency of opening trades in minutes (if 60 min is set, then the EA will not open more than once per hour (helps to avoid a repeated false signal))
  • Low CCI - the upper threshold of the oscillator
  • High CCI - the lower threshold of the oscillator
  • Period CCI - the period of the oscillator
  • Trailing Stop (points) - trailing stop, if the number of points in profit at 5-digit = N
  • breakeven? - breakeven (on/off)
  • Breakeven if (points) - breakeven, if the number of points in profit at 5-digit = N
  • Start Hour - trading start time (hours)
  • Start Min - trading start time (minutes)
  • End Hour - trading end time (hours)
  • End Min - trading end time (minutes)
  • Titles? - titles
  • Alert? - sound alert on position opening

Recommendations

  1. Before using on a live account, test the EA.
  2. Use VPS or hosting server with minimal network latency to the broker's server.
  3. Low spreads + low commission + high quality execution are important when choosing a broker to trade.
  4. The EA is semiautomatic - monitor the news background.
  5. Carefully configure the settings of the CCI indicator and the timeframe for the selected instrument according to your style and tactics.
Ovidiu Caslariu
7808
2016.05.04 19:18 
 

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