exp ib s rs i cc i x2
Info
The exp ib s rs i cc i x2 is a Expert Advisor for MetaTrader 5 that the exp_ibs_rsi_cci_v4_x2 trend-following trading system is based on the signals of two indicators. the first indicator determines the direction of the slow trend based on the position of the main and signal lines.
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 exp ib s rs i cc i x2
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 exp_ibs_rsi_cci_v4_x2 trend-following trading system is based on the signals of two indicators.
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: Trade Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
the exp_ibs_rsi_cci_v4_x2 trend-following trading system is based on the signals of two indicators. the first indicator determines the direction of the slow trend based on the position of the main and signal lines. the second indicator determines the moment for opening a trade, when the lines are crossed or touched. the signal is formed when a bar is closing if two conditions are met:
Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
signals of the fast and slow trend match;
direction of the fast trend has changed. input parameters of the expert advisor
string variables containing text in the inputs code are included only for better visual display of the ea inputs window.
the ibs_rsi_cci_v4_htf indicators in the ea are only intended for a more convenient visualization of trends in the strategy tester, in other operation modes they are inactive.
in order to provide proper operation of the compiled expert advisor, you should add the compiled ibs_rsi_cci_v4.ex5 and ibs_rsi_cci_v4_htf.ex5 indicator files to <terminal_data _folder>\mql5\indicators.
note that the tradealgorithms.mqh library file allows using expert advisors with brokers who offer
nonzero spread
and the option of setting stop loss and take profit
together with position opening
. you can download more variants of the library at the following link: .
default expert advisor's input parameters have been used during the tests shown below. stop loss and take profit have not been used during the tests.
fig. 1. examples of deals on the chart
testing results for 2015 on usdchf, slow trend on h8, entry by fast trend on h1:
fig. 2. chart of testing results
You may also like: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - 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.