Extreme EA
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 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.
Description & Settings
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). It is possible to set a timeframe for CCI other than that for Moving Average. It is recommended to run the EA on timeframe
CCI: 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
