CCI and Martin - MetaTrader 5용 expert

Author of the idea: Vladimir

MQL5 code author: barabashkakvn

The EA uses iCCI (Commodity Channel Index, CCI) indicator value on the last four bars and Open/Close prices on the last three bars. A position opening signal is checked if less than 20 seconds remain before closing the current bar (this is a very rare solution) and if there are no positions opened by this EA.

Position opening conditions

//--- BUY
   if(cci[1]<5 && cci[2]<cci[3] && cci[1]<cci[2] && cci[0]>cci[1] && 
      Open[2]>Close[2] && Open[1]>Close[1] && Open[0]<Close[0] && Open[1]<Close[0])

//--- SELL
   if(cci[1]>-5 && cci[2]>cci[3] && cci[1]>cci[2] && cci[0]<cci[1] && 
      Open[2]<Close[2] && Open[1]<Close[1] && Open[0]>Close[0] && Open[1]>Close[0])

where:

• cci[] - array of CCI indicator values;
• Open[] and Close[] - open and close prices arrays, respectively.

Main trading settings

• Lots - constant position volume (if martingale and incremental volume increase are disabled) or this is an initial lot for martingale and incremental volume increase;
• Stop Loss ("0.0" → disabled);
• Take Profit ("0.0" → disabled);
• Trailing Stop ("0.0" → disabled);
• Trailing Step.

CCI parameters

• CCI: averaging period - averaging period;
• CCI: type of price - type of price to calculate the indicator.

Positions volume

It can be specified in one of the following ways:

• fixed lot (Lots);
• martingale (Use martingale);
• incremental volume increase (Use step by step).

Let's consider the last two methods of setting positions volume in more detail:

Martingale

The method is applied only if a loss-making position (positions) is present in trading history. Main settings:

• Use martingale - martingale flag;
• Martingale coefficient - position volume increase ratio;
• Ordinal number of the losing trade - index of a losing trade the volume increase starts from;
• Maximum number of multiplications - maximum number of position volume increases in a row.

Volume incremental increase

The method is applied to a series of loss-making or profitable positions. Main settings:

• Use step by step - incremental lot increase flag;
• Step lots - position volume increase step;
• Maximum lots - maximum volume to be used with incremental lot increase;
• Use step after... - apply incremental volume increase after:
  • ... losing - a losing trade;
  • ... profitable - a profitable trade.

When using martingale, Stop Loss, Take Profit, Trailing Stop and Trailing Step parameters should be selected carefully apart from the martingale settings.

The default parameters, M15, initial deposit $10 000, tets on all symbols: