Expert Technical Review
by Mario Nuonno
- expert rating:
Rated 4 out of 5 stars
How the software works
The Indicators used in this EA and their configurations are:
CCI – Timeframe M30, Period 12, Applied Price Close.
MA – Type Simple, Timeframe M15, Period 85, Applied Price Median.
This EA always works with data from the 15 to 30 min timeframe, no matter in what timeframe we are working.
The EA uses the CCI levels as trigger for placing orders, the levels can be changed via the corresponding parameter.
A bull trade will be placed when the MA is moving upward and the CCI level is lower than -200.
A Bear trade will be placed when the MA is moving downwards and the CCI level is over 200.
Main settable options
The configurable options of this indicator are:
MAGIC_NUMBER = 613 Do not Change.
MaxTradesPerSymbol = 3 Maximum trades allowed by chart
Slippage = 2 Do not Change.
Lots = 1 Lot size.
MaximumRisk = 0.05 Maximum account risk in percentage
DecreaseFactor = 6 Do not Change.
Stop = 10 Stop Loss.
MAPeriod = 85 Period for the short Moving Average.
CloseMa = 70 Period for the short Moving Average.
MinLo = 0.1 Minimum Lot size.
Buyccilevel = -200
Sellccilevel = 200
Price = 0 CCI Applied price Close
Our technical Verdict
There are a lot of strategies that use MA and CCI to trade. This is a very good EA for practicing that type of strategies because you can change almost everything you need and finetune it. And it is very simple to use.
All the EA’s messages are displayed at the right through the “Experts” tab of the Metatrader Terminal Window.