EXP_IBS_RSI_CCI_V4_X2 Trend Following Trading System
Info
The EXP_IBS_RSI_CCI_V4_X2 Trend Following Trading System is a Expert Advisor for MetaTrader 5 that the exp_ibs_rsi_cci_v4_x2 trading system is a trend-following strategy that utilizes signals from two indicators. The first indicator identifies the slow trend direction based on the positioning of its main and signal lines.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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_IBS_RSI_CCI_V4_X2 Trend Following Trading System
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 trading system is a trend-following strategy that utilizes signals from two indicators.
Typical Use Case
This Expert Advisor excels in trend following 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: Supertrend Scalper with Breakeven Win Rate Panel - another powerful expert for MetaTrader 5 traders.
The EXP_IBS_RSI_CCI_V4_X2 trading system is a trend-following strategy that utilizes signals from two indicators.Also recommended: Stormbreaker ADX - Supertrend and DMI Trend EA for MT5 - similar expert with strong performance on MetaTrader 5.
The first indicator identifies the slow trend direction based on the positioning of its main and signal lines.The second indicator pinpoints trade entry moments when its lines cross or touch.
A signal is generated upon the closing of a bar if two conditions are met:
- The fast and slow trend signals align.
- The direction of the fast trend has reversed.
Input Parameters:
String variables for text in the input code are solely for improving the visual display of the EA inputs window.
The IBS_RSI_CCI_V4_HTF indicators within the EA are for convenient trend visualization in the Strategy Tester only; they are inactive in other modes.
For the Expert Advisor to function correctly, the compiled indicator files IBS_RSI_CCI_V4.ex5 and IBS_RSI_CCI_V4_HTF.ex5 must be placed in the \MQL5\Indicators directory of your terminal data folder.
The TradeAlgorithms.mqh library file supports Expert Advisors operating with brokers offering non-zero spreads and the ability to set Stop Loss and Take Profit concurrently with position opening.
Default Expert Advisor input parameters were used for the tests. Stop Loss and Take Profit were not applied during these tests.
Figure 1 displays examples of trades on the chart.
Testing Results (2015 on USDCHF):
Slow trend on H8, entry by fast trend on H1.
Figure 2 shows the chart of testing results.
You may also like: ATR Trend Guard MT5: Dynamic EMA Crossover Expert Advisor with Integrated Risk Management - 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.