AO C C I
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use AO C C I
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
Idea by
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MQL5 code by
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The EA trades on the signals of indicators iCCI (Commodity Channel Index, CCI) and iAO (Awesome Oscillator, AO). It also considers the current Open prices from bar #0 through bar #5, the prices of bar #1 on D1, and the Close price of bar #1 on H1.
Inputs
Lots - position volume
Stop Loss (in pips) - Stop Loss
Take Profit (in pips) - Take Profit
Trailing Stop (in pips) - trailing
Trailing Step (in pips) - trailing step
//--- CCI - parameters of indicator CCI
CCI: averaging period
CCI: type of price
//---
Check for too-big candlesticks (n "-" n-1) - protection against a too big candlestick (candlesticks N and N-1 are compared)
Check for too-big candlesticks (n "-" n-2) - protection against a too big candlestick (candlesticks N and N-2)
set to 1 if you want to get the cangle close 0 for current - initial bar number
//---
magic number
Testing in the "All ticks" mode for all symbols in Market Watch:
