rsi and cci trading strategy
Info
The rsi and cci trading strategy is a Script for MetaTrader 4 that rsi and cci trading strategythis strategy aims for high entry accuracy and profitability, though achieving 100% entry precision was not attained. optimizations were not performed; testing utilized parameters considered suitable for the currency pair.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use rsi and cci trading strategy
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
rsi and cci trading strategythis strategy aims for high entry accuracy and profitability, though achieving 100% entry precision was not attained.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: automated economic calendar trading advisor - another powerful script for MetaTrader 4 traders.
rsi and cci trading strategythis strategy aims for high entry accuracy and profitability, though achieving 100% entry precision was not attained. optimizations were not performed; testing utilized parameters considered suitable for the currency pair.
Also recommended: cm insurer: strategy for managing losing positions - similar script with strong performance on MetaTrader 4.
key parameters:
startlots
- initial lot size.
maxlot
- maximum allowable lot size.
depo
- automatic lot size increase based on deposit growth. if set to 0, this feature is disabled.
rsiperiod
- period for the rsi indicator.
rsiprice
- price type used for rsi calculation.
rsichannel
- distance from the 0 line for indicator crossovers.
cciperiod
- period for the cci indicator.
cciprice
- price type used for cci calculation.
ccichannel
- distance from the 50 line for indicator crossovers.
scallngcoef
- coefficient to scale cci to the same magnitude as rsi.
martin
- lot multiplier after a losing trade.
stoploss
- stop loss level.
takeprofit
- take profit level.
trailstart
- profit in points at which trailing stop is activated.
traildistance
- distance from the price at which the trailing stop will appear.
trailstep
- step size for trailing stop movement.
newcycle
- true/false. if true, the ea restarts with the initial lot size. if false, the ea multiplies the last lot size by martin after a losing trade.
magic
- identifier for the ea to distinguish its trades from others.
slippage
- maximum allowed slippage.
timeout
- time in seconds to resend orders if the initial attempt fails.
testing results
gbpusd 01/01/2026 - 08/25/2026
You may also like: convert real tick data to strategy tester fxt files - excellent alternative for script users on MetaTrader 4.
Source Code
#property version "1.00"
#property strict
extern double StartLots=0.1;
extern double MaxLot=10;
input int Depo=0;
input int RsiPeriod=14;
input ENUM_APPLIED_PRICE RsiPrice=6;
input int RsiChannel=10;
input int CciPeriod=14;
input ENUM_APPLIED_PRICE CciPrice=6;.......
⚠ 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.