macd c c i
Info
The macd c c i is a Expert Advisor for MetaTrader 5 that works based on two indicators: icci (commodity channel index, cci) and imacd (moving average convergence/divergence, macd). ontradetransaction().
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 macd c c i
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
works based on two indicators: icci (commodity channel index, cci) and imacd (moving average convergence/divergence, macd).
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 signals based on crossover of main and signal lines of macd indicator - another powerful expert for MetaTrader 5 traders.
Also recommended: EXP_RMACD Expert Advisor - similar expert with strong performance on MetaTrader 5.
works based on two indicators: icci (commodity channel index, cci) and imacd (moving average convergence/divergence, macd). ontradetransaction().input int macd_coefficient=10000; // alignment of cci and macd
the values are aligned here:
the clear information on the obtained values is displayed here right away - for visual inspection.
also, an interesting idea has been implemented — the ea (in the ontradetransaction() function) performs the summation of unprofitable and profitable trades (the "
number_of_losses
" variable). if closed with a loss — "
number_of_losses
" increases by "1"; if closed with profit, "
number_of_losses
" decreases by "1". when opening a position, the lot is calculated as: if "
number_of_losses
">"0" (this means that currently there are more positions closed with loss than with profit) increase the lot by the "
increase
" coefficient. if "
number_of_losses
"<"0" (this means that currently there are more positions closed with profit than with loss) — the lot size is taken from the coefficient:
if(number_of_losses>0.0) extlot=inplot*mathpow(2,increase); else extlot=inplot;
testing results on eurusd,m30 from 2016.06.09 to 2016.12.04, initial deposit - 3000:
You may also like: Expert Advisor: MACD XTR - 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.