CC I and Martin
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 CC I and Martin
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 uses iCCI (Commodity Channel Index, CCI) indicator value on the last four bars and Open/Close prices on the last three bars. A position opening signal is checked if less than 20 seconds remain before closing the current bar (this is a very rare solution) and if there are no positions opened by this EA.
Position opening conditions
where:
cci
[] - array of CCI indicator values;
Open
[] and
Close
[] - open and close prices arrays, respectively. Main trading settings
Lots
- constant position volume (if martingale and incremental volume increase are disabled) or this is an initial lot for martingale and incremental volume increase;
Stop Loss
("0.0" → disabled);
Take Profit
("0.0" → disabled);
Trailing Stop
("0.0" → disabled);
Trailing Step
. CCI parameters
CCI: averaging period
- averaging period;
CCI: type of price
- type of price to calculate the indicator. Positions volume
It can be specified in one of the following ways:
fixed lot (
Lots
);
martingale (
Use martingale
);
incremental volume increase (
Use step by step
).
Note
: Do not use martingale and incremental volume increase simultaneously! Select only one method or disable both.
Let's consider the last two methods of setting positions volume in more detail:
Martingale
The method is applied only if a loss-making position (positions) is present in trading history. Main settings:
Use martingale
- martingale flag;
Martingale coefficient
- position volume increase ratio;
Ordinal number of the losing trade
- index of a losing trade the volume increase starts from;
Maximum number of multiplications
- maximum number of position volume increases in a row. Volume incremental increase
The method is applied to a series of loss-making or profitable positions. Main settings:
Use step by step
- incremental lot increase flag;
Step lots
- position volume increase step;
Maximum lots
- maximum volume to be used with incremental lot increase;
Use step after...
- apply incremental volume increase after:
... losing
- a losing trade;
... profitable
- a profitable trade.
When using martingale,
Stop Loss
,
Take Profit
,
Trailing Stop
and
Trailing Step
parameters should be selected carefully apart from the martingale settings.
The default parameters, M15, initial deposit $10 000, tets on all symbols:
