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MT4 Expert Advisor



EMA and CCI FOREX expert advisor

This expert advisor uses fully adjustable trio of moving averages (exponential) to identify the trend with great sensitivity and accuracy. All trades are entered in the direction of general market flow – major trend and current trend. Trend identifying properties of this expert are fully scalable.

EMA and CCI FOREX expert advisor

CCI (commodity channel index) is used to find a trade entry and together with signal candle will it also provide us with stop loss position. Signal candle size can be filtered allowing us to modify trigger sensitivity in more than one way (CCI period).

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EMA and CCI FOREX expert advisor

Expert advisor can be used to test moving average based forex strategies and CCI forex strategies. Automated trading system has fully customisable inputs and can be therefore used to trade any currency pair on any timeframes and with any rules (based on indicators). Also, strategy uses break even condition, that can get very usefull in volatile market.

EMA and CCI FOREX expert advisor

Used forex indicators

Exponential moving averages (EMA) All three moving averages must be correctly aligned according to downtrend or uptrend. For downtrend: Slow, medium, fast at the bottom. For uptrend: Fast, medium and slow at the bottom.

EMA and CCI FOREX expert advisor

Commodity channel index: Indicator rising above 100 line: sell. Falling below – 100 line: buy.

Signal candle width is projected as profit target. It is possible to increase stop loss in inputs (additional stop loss).

Notes to input:

  • Additional stop loss : Add to default stop loss (width of a signal candle)

  • MA fast: Fastest moving aveerage period

  • MA medium: Medium moving avergae period

  • MA slow: Slow MA period

  • Take profit: Take profit in points for each postion

  • CCI signal period: Calculation period for CCI forex indicator used as signal. Lower the period more frequent the signal.

  • break even after: Move stop loss to break even after profit points reached.

  • max: specify maximum signal candle body size

  • min: specify minimum signal candle body size

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.

Dislaimer: 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.