extreme ea
Info
The extreme ea is a Expert Advisor for MetaTrader 5 that idea by:code mq5 by:the ea works on hedge accounts only. the ea uses the following indicators: icci (commodity channel index, cci) and two imas (moving average, ma).
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 extreme ea
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
idea by:code mq5 by:the ea works on hedge accounts only.
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: expert advisor based on price extreme indicator - another powerful expert for MetaTrader 5 traders.
idea by:
code mq5 by:
the ea works on hedge accounts only!
Also recommended: freeman - similar expert with strong performance on MetaTrader 5.
the ea uses the following indicators: icci (commodity channel index, cci) and two imas (moving average, ma). it is possible to set a timeframe for cci other than that for moving average. it is recommended to run the ea on timeframecci: timeframe
or
ma fast and slow: timeframe.
for indicator cci, additional parameters shall be set:
cci up level
- upper level (to be set as an integer)
cci down level
- lower level (to be set as an integer)
cci current bar
- number of the bar, from which the cci readings are taken
trade signals for opening positions
opening a buy position:
ma slow
#1 >
ma slow
#2 &&
ma fast
#0 >
ma fast
#1 && (int)
cci
#
cci current bar
<
cci down level
opening a sell position:
ma slow
#1 <
ma slow
#2 &&
ma fast
#0 <
ma fast
#1 && (int)
cci
#
cci current bar
>
cci up level
signals for closing positions
closing a buy position:
ma slow
#1 <=
ma slow
#2
closing a sell position:
ma slow
#1 >=
ma slow
#2
You may also like: exp pa oscillator - 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.