MACD C C I
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 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.
Description & Settings
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:
