Basic CC I RS I
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 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.
Description & Settings
The EA checks trading signals when a new bar appears:
BUY:
RSI >
RSI Level Up
CCI >
CCI Level Up
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)
