Automated trading system primarily designed as rapid strategy/idea testing tool. It is based on combination of 3 CCI (commodity channel index) indicator. Two of them are set to identify both major and minor trend. Third CCI provides a signal for position entry.

Test results: EURUSD 1H from 01.01.2013 to 01.01.2016.
Expert advisor is versatile and universal. Can be applied on any time frame and currency pair without any issue. It can be used both as a scalping trading tool and as a day trading algo. Furthermore break even condition can be used in this expert to protect any profit gained. This expert advisor can be used to test and improve CCI forex strategies.
For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

Used forex indicators:
CCI (commodity channel index) Major and minor filter. It is possible to set up different calculation period for both filters. Sensitivity to trend can be further manipulated by manipulating uptrend/downtrend sensitivity input. This will adjust trigger line. Use only values above zero for uptrend and values below zero for downtrend. Higher the number – higher the threshold for signal to be triggered.

Test results: EURUSD 1H from 01.01.2013 to 01.01.2016.
CCI signal period: entry signal is based on CCI crossing above 100 line for sell and -100 line for buy. Position is filtered by previous CCIs to enter only in the direction of trend.

Break even: After position reaches predetermined profit (break even after profit) stop loss is automatically paced to break even position.

Notes to input:
Take profit points : Take profit for orders
Stop loss points : Stop Loss for orders
Lotsper1000: When automatic money managem
CCI major filter period: Slower CCI trend filter calculation period
CCI minor filter period: FasterCCI trend filter calculation period
CCI signal period: Signal CCI calculation period
Uptrend filter sensitivity: Sensitivity for uptrend (Value 0 to +100)
Downtrend filter sensitivity: Sensitivity for uptrend (Value 0 to -100)
Break even after profit: Set up profit in points after which SL will move to breakeven
Lotsper1000. Position size used for 1000 USD of equity.
UseMM: True setting will ulock automatic money management.
Lots: Position size: Manual setting when UseMM is disabled
Expert advisor is provided freely as it is.
For your own benefit, test is both on historical data and forward demo data.
Live use only on your own risk.
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We recommend you to use this forex strategy with one of our trusted forex brokers (STP/ECN with MT4 bridge).
To win you must trade with broker on your side.
Disclaimer: Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer.
TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.