parabolic sar, cci, and ma strategy
Info
The parabolic sar, cci, and ma strategy is a Indicator for MetaTrader 4 that this strategy combines the parabolic sar, cci, and moving average (ma) indicators for trading signals. trading rules:sell signal:- parabolic sar is below the sma (50), and the cci (45) is below -100 on the 1-minute chart.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use parabolic sar, cci, and ma strategy
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
this strategy combines the parabolic sar, cci, and moving average (ma) indicators for trading signals.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: automatic parabolic support and resistance levels indicator - another powerful indicator for MetaTrader 4 traders.
this strategy combines the parabolic sar, cci, and moving average (ma) indicators for trading signals.Also recommended: parabolic sa r - similar indicator with strong performance on MetaTrader 4.
trading rules:
sell signal:
- parabolic sar is below the sma (50), and the cci (45) is below -100 on the 1-minute chart.
- parabolic sar is below the sma (21), and the cci (45) is below -100 on the 5-minute chart.
buy signal:
- parabolic sar is above the sma (50), and the cci (45) is above 100 on the 1-minute chart.
- parabolic sar is above the sma (21), and the cci (45) is above 100 on the 5-minute chart.
the strategy uses a trailing stop and a stop-loss based on the moving average crossover.
take profit levels:
- eur/usd: 7-12 pips
- aud/usd: 5-8 pips
- gbp/usd: 7-15 pips
currency pairs: eur/usd, aud/usd, gbp/usd
timeframes: m1 and m5
indicators:
- sma (50) for m1
- sma (21) for m5
- cci (45) with levels 100 and -100
- parabolic sar (0.02, 0.2)
results and conclusion:
the default parameters resulted in losses, but the strategy shows potential for optimization. further adjustments may lead to profitable performance on future data. for a detailed analysis, refer to the 70th issue of fortrader.ru magazine.
You may also like: parabolic m - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern double sma_period=21;
extern double cci_period=45;
extern double cci_level=100;
extern double parabolic_step=0.02;
extern double parabolic_max=0.2;
extern int mg=12354;
extern double inplots =0.1;
extern int inptakeprofit=7; .......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.