Forex CCI True Expert Advisor

Forex CCI True Expert Advisor review:

How CCITrue Works

This Forex CCI True Expert Advisor trades in one direction at a time. The systems finds the best entry points in the market movement using two-level analysis of CCI and Parabolic SAR indicators. The first level defines the main direction of the EA’s trade if it is broken. A position is opened on the second level.

CCITrue uses Take Profit, Stop Loss, Trailing Stop to close positions (settings can be changed in features). CCITrue can control free margin of the deposit and calculate a lot size on the basis of available funds. The EA does not use martingale.

Main Requirements to Account Parameters

  • Deposit size:
    • for cent accounts: from 10 USD
    • for standard dollar accounts: from 100 USD
  • Recommended quotes: EURUSD, GBPUSD, USDJPY, EURGBP, EURJPY;
  • Trading period: Н1
  • Minimum leverage: no less than 1:200
  • Trading time: 24/5 continuously

Test results:

Forex CCI True Expert Advisor

Parameters:

  • DynamicLot – enable lot calculation function depending on the deposit size (false – disable, true – enable);
  • Lots – fixed lot size (if DynamicLot is set to false);
  • LotBalancePcnt – lot size in % of the deposit (if DynamicLot is set to true);
  • Min_Lot – minimum lot size allowed by a broker;
  • Max_Lot – maximum lot size allowed by a broker;
  • TakeProfit – take profit value;
  • StopLoss – stop loss value;
  • Trailing – trailing stop settings (false – disable, true – enable);
  • TrailingStop – trailing stop value (if Trailing is set to true);
  • TrailingStep – trailing stop step (if Trailing is set to true);
  • Slippage – slippage;
  • Magic – magic number.

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Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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