2 Moving Average CCI Crossover MT4 Forex Robot
The 2 moving average CCI Forex Robot is based on a crossover strategy of two moving averages and the CCI technical indicator.
Opening automated buy and sell positions are based on the crossover of the fast MA and the slow MA.
- A buy signal occurs when the fast MA crosses above the slow MA from below.
- A sell signal occurs when the fast MA crosses below the slow MA from above.
To filter false buy/sell signals, the CCI indicator checks for extreme overbought and oversold market conditions.
The robot also contains the ATR indicator component. It’s used for stop loss placement.
Feel free to experiment with the different input parameter values for optimized performance.
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The EUR/USD H1 chart below displays the trading strategy used for this robot. The strategy contains the slow and fast moving average, CCI indicator and ATR indicator.
Strategy Tester Performance Report
There’s no strategy tester report available for this robot.
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MT4 Forex Robot Highlights
Supported Currency pairs: Any (majors, minors, currency crosses)
Supported Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Moving average system with CCI and ATR
Trading Platform: Metatrader 4
Type: Expert advisor (EA)
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Fast MA, Slow MA, CCI period, ATR period for stop loss, Lot size, Optimization factor and Maximum risk
How to install and run this FX Robot?
- Copy the MA2CCI.mq4 file into the Experts folder of the MT4 platform.
- Then close and restart the MT4 platform.
- Finally, attach the robot to the chart.