basic cc i rs i
Info
The basic cc i rs i is a Expert Advisor for MetaTrader 5 that the ea checks trading signals when a new bar appears:buy: rsi > rsi level upcci > cci level upsell: rsi < rsi level downcci < cci level down if both signals (from rsi and cci) are "true", then the signal is considered to be present and a position with the lotsvolume is opened. stop loss, take profitand trailing stopcan be disabled by setting the appropriate parameter to "0.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use basic cc i rs 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.
What this tool does
the ea checks trading signals when a new bar appears:buy: rsi > rsi level upcci > cci level upsell: rsi < rsi level downcci < cci level down if both signals (from rsi and cci) are "true", then the signal is considered to be present and a position with the lotsvolume is opened.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: basic martingale ea - another powerful expert for MetaTrader 5 traders.
the ea checks trading signals when a new bar appears:
buy:
rsi >
rsi level up
cci >
cci level up
Also recommended: exp vortex indicator mm rec duplex - similar expert with strong performance on MetaTrader 5.
sell:
rsi <
rsi level down
cci <
cci level down
if both signals (from rsi and cci) are "true", then the signal is considered to be present and a position with the
lots
volume is opened.
stop loss
,
take profit
and
trailing stop
can be disabled by setting the appropriate parameter to "0.0".
eurusd, m15. test result (optimization was performed from 2018.05 to 2018.08 - this part of the optimization is marked in the figure)
You may also like: exp force diver sign - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.