Combo Right
Info
The Combo Right is a Expert Advisor for MetaTrader 5 that how it works the trading system employs a basic strategy using the cci indicator. When the CCI value exceeds zero, it triggers a buy signal, and when it falls below zero, it indicates a sell.
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 Combo Right
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
How it works The trading system employs a basic strategy using the CCI indicator.
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: steve cartwright trader camel cc i ma c d - another powerful expert for MetaTrader 5 traders.
How it worksThe trading system employs a basic strategy using the CCI indicator. When the CCI value exceeds zero, it triggers a buy signal, and when it falls below zero, it indicates a sell.
Also recommended: exp re open positions - similar expert with strong performance on MetaTrader 5.
To enhance accuracy, linear perceptrons are introduced to mitigate potential errors in the basic system. These perceptrons occasionally override the basic trading signals.
The system incorporates three perceptrons: one for sell, one for buy, and a total perceptron.
The exit value of a perceptron can be positive or negative. If both the total perceptron and the first perceptron have negative exit values, a sell order is initiated. Conversely, if both the total perceptron and the second perceptron exhibit positive exit values, a buy order is placed. In other scenarios, the basic system's signals are followed.
The accompanying images illustrate the expert advisor's performance in the tester, showcasing optimization and forward test results.
Parameters:
- tp1: Take profit when a position is opened by the basic trading signal.
- sl1: Stop loss when a position is opened by the basic trading signal.
- cciperiod: Period of CCI.
- cciprice: Price of CCI.
- x12, x22, x32, x42: Weight of the sell perceptron.
- tp2: Take profit when a position is opened by the sell perceptron signal.
- sl2: Stop loss when a position is opened by the sell perceptron signal.
- p2: The period of history data coverage by the sell perceptron.
- x13, x23, x33, x43: Weight of the sell perceptron.
- tp3: Take profit when a position is opened by the buy perceptron signal.
- sl1: Stop loss when a position is opened by the buy perceptron signal.
- p2: The period of history data coverage by the buy perceptron.
- x14, x24, x34, x44: Weight of the total perceptron.
- p2: The period of history data coverage by the total perceptron.
- pass: Expert advisor mode (1 for basic system, 1 for sell perceptron, 2 for buy perceptron, 4 for all perceptrons in operative mode).
- lots: Position volume.
- shift: Bar from which price data is utilized (0 for forming bar, 1 for the first formed bar).
You may also like: smoothing average - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#include <trade/trade.mqh>
#include <trade/symbolinfo.mqh>
#include <trade/positioninfo.mqh>
ctrade trade;
csymbolinfo sym;.......
⚠ 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.