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BotForex Rsi Cci Scalper

150 USD

Demo downloaded: 236

Published: 7 June 2018

Current version: 1.1

BotForex Rsi Cci Scalper

Experts
Thierry Iltis
Version: 1.1
Updated: 25 June 2018
Activations: 5

This is a fully automatic Expert Advisor. It can trade any market, any timeframe and any currency pair.

The EA uses simple indicators like SMA, RSI and CCI, and a smart martingale system, that does not open systematical new positions, but waits for a new signal for each new order, wich is limiting drawdown compared to other martingale systems.

It uses a combination of seven strategies you can select in the parameters to fit your needs.

The strategy tester in MetaTrader 4 can give you the setup you need to adjust a drawdown.

I can provide different SET files for each pair and time period to adjust profit and drawdown and help with the installation and configuration for this EA. Feel free to send me a message.

It is recommended to use accounts with five-digit quotes.

Parameters

TimeFrame: select timeframe
pipstarter: minimum step (in pips) that can be set between each new orders
lotboost: lot factor for the second and subsequent orders
TakeProfit: take profit value in pips
TrailingStop: trailing stop value in pips
strategy: select strategy
LotSize: initial lot size
openbuyposition: open or not short positions
opensellposition: open or not long positions
test: show info on a chart
RSI_Value: value for RSI indicator
CCIVALUE: value for RSI indicator

Strategies

100% CCI strategy

IF CCI > CCIVALUE ==> Sell position is opened
IF CCI < CCIVALUE ==> Buy position is opened

Triple CCI strategy

Checks the CCI value on 3 timeframes: timeframe, timeframe+1 & timeframe+2
I.E: If your timeframe is set to M15, and CCIVALUE set to 200,
EA will open a sell position if CCI is > 200, on M15, M30 & H1

100% RSI strategy

IF RSI > (100-RSI_Value) ==> Sell position is opened
IF RSI < RSI_Value ==> Buy position is opened

Triple RSI strategy with Pullback

Same as in strategy 2, the EA will check RSI on 3 timeframes and open position when price is pulling back
I.E: If your timeframe is set to M15, and RSIValue set to 20
Script will wait for RSI to pass 80 on timeframe M15, M30 & H1 and open a sell position when RSI is back under 80 on M15

Triple RSI strategy with Pullback + SMA

Same as strategy 4 but EA will also wait for positive SMA signal to open a position

Mixing RSI & CCI

Basically this is Strategy 1 and 3 working together

Mixing triple RSI & triple CCI

Strategy 2 + Strategy 4

The default input values are for EURUSD M5.

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Version 1.1 2018.06.25

Some bug fix in the triple RSI strategy that should now work better.