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Suggestion CCIMA EA based on CCI and Moving Average

Ganu Selatan

New Member
Credits
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The CCIMA EA uses Commodity Channel Index and Moving Average to enter the trade.
The CCIMA EA can use to trade all kind of Forex, Indices, Commodity, Metal and Crypto Currencies inside the MT4 platform.

Overview

Trade direction based on MA trend up and down and
CCI breakout from base level -100 and +100 or
CCI break in from base level -100 and +100

Inverse strategy
2 entry strategies
Exit strategy and STOP LOSS
Reverse on Opposite Signal

BUY and SELL based on indicator Commodity Channel Index (CCI) which trend direction and position of CCI level setting either top of 100 point or below –100 point.
Moving Average up and down uses custom indicator attached.

Period: 14 (can modify)
Apply to: Typical Period (can choose)
Style: red
Level: - 100, 100

BUY

BUY order must meet 3 conditions:
1.CCI must break in from – 100 point
2.CCI uptrend
3.MA in uptrend

TAKE PROFIT

Set TP = (in pips)

OR

Reverse on OPPOSITE SELL executed ( TP will be done at same time new SELL order executed ).

If BUY order done, price up temporarily down again cross below – 100 point,
then trend of CCI going up again and this up trend will make BUY order take place again,
and so on several times if the situation happen repeatly.


STOP LOSS
Set SL = (in pips)

SELL

SELL order must meet conditions:
1.CCI must break in from + 100 point
2.CCI downtrend
3.MA in downtrend

TAKE PROFIT

Set TP = (in pips)

OR

Reverse on OPPOSITE BUY executed ( TP will be done at same time new BUY order executed ).
If SELL order done, price up temporarily up again cross upper + 100 point, then trend of CCI going down again and this down trend will make SELL order take place again, and so on several times if the situation happen repeatly.

STOP LOSS

Set SL = (in pips)

Note:

Both BUY and SELL can be executed for second time and so on although the earlier position still running..

PROBLEMS:

Position/execution buy or sell has been taken too slow / lagging / later after signal shown.

Anyone can help to modify / fine tuning the EA very very appreciated. Thank you in advance.
 

Attachments

CCI is indeed a good indicator, but maybe not all traders like to use this indicator
the most popular indicator and highly used is moving average, average true range, and MACD.
 
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