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Thread: MACD + CCI strategy EA

  1. #1

    Default MACD + CCI strategy EA

    CHART SETUP: TF=5M

    1. Zig Zag 28,5,3
    2. MACD 21,89,1 set on close
    3. CCI 34 set on close
    4. CCI 46 set on close but superimposed on the same window as CCI 34

    Long trades Buy When:
    1. The Zig – Zag has formed a low swing point
    2. Both the CCI 34 and CCI 46 cross the 0 line
    3. MACD 21, 89, 1 is above zero.
    4. You could also enter long when both the CCI 34 and 46 cross the 100 level
    if conditions 1 – 3 are met .Usually this produces stronger signals. The
    crossing above the 0 level and 100 level produce separate trade opportunities.
    5. Aim to take profit of not more than 5 pips.
    6. Exit when your take profit of 5 pips is met or when the swing point of the Zig - Zag is high or whichever one comes first.

    Short Trades Sell When
    1. The Zig – Zag forms a high swing point and;
    2. Both the CCI 34 and 46 cross the 0 line from above and;
    3. MACD 21,89 1 is below zero.
    4. You can also sell when both the CCI 34 and 46 cross the -100 level if conditions 1 – 3 are met. Usually this produces stronger signals. The crossing of the 0 level and -100 level produce separate trade opportunities.
    5. Aim to take profit of not more than 5 pips.
    6. Exit when your take profit of 5 pips is met or when the swing point of the Zig - Zag is low or whichever one comes first.




    *******************************************
    Thanks Funyoo!

    Forward Testing V1.02: MACD+CCI Strategy System | Myfxbook

    5M on: AUDUSD, USDCAD, USDCHF, USDJPY, GBPUSD, EURGBP, EURJPY, EURUSD, EURCHF
    using with multi-purpose trade management: Basket management TP=1% and SL=6%
    Tadawul 87.119.205.24:443
    Login : 999372235
    Investor : 3hzjjeb

    Tadawul FX | TadawulFX.com | TadawulFX reviews and ratings by Forex Peace Army
    Brokers | Forex Trading, Forex Robots, Forex Reviews

    MACD+CCI Strategy EA v1.02.mq4 Settings:
    magic=1 on all 8 charts
    mm=true
    risk=6
    lotdigits=1(tadawul specific)
    martingale=true
    multiplier=1

    Multi Management Setting:
    ManageByMagicNumber=true
    MagicNumber=1
    ManageBasketTrades=true

    BasketClosureTP=true
    BasketTPasPercent=true
    BasketTpPercentage=1

    BasketClosureSL=true
    BasketSLasPercent=true
    BasketSLPercentage=6
    ***********************************************
    Last edited by getting; 03-22-2010 at 20:01.

  2. #2
    Junior Member
    Join Date
    Apr 2009
    Posts
    9

    Default

    Welcome Omatade. Thanks for the system. I'll check it out and test it manually.

  3. #3

    Default

    I have been forward testing this strategy manually. Very profitable. Please also superimpose the zigzag1 and zigzag2 on F9D2.
    Attached Files Attached Files

  4. #4

    Default

    I forward tested this on demo. Few recommendations for the EA:

    -Option to trade Zero Cross only
    -or Both - Zero Cross and +/-100 level cross

    -Multi TF MACD filter ( M15, M30, H1, H4) for levels below or above Zero [assuming that you are trading at M5]. I suggest a switch true/false or each higher TF.

    -Ability to trade also at different TF. Lets say conditions are met and occur at M15, or M30 or H1 or H4 then execute trades. In this case we are not stuck in 1 only 1 TF

    I'll post my trades last night; later when i get home. I could have made more but I fell asleep waiting for the right signals.

  5. #5
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default

    Quote Originally Posted by getting View Post
    CHART SETUP

    1. Zig Zag 28,5,3
    2. MACD 21,89,1 set on close
    3. CCI 34 set on close
    4. CCI 46 set on close but superimposed on the same window as CCI 34

    Long trades Buy When:
    1. The Zig Zag has formed a low swing point
    2. Both the CCI 34 and CCI 46 cross the 0 line
    3. MACD 21, 89, 1 is above zero.
    4. You could also enter long when both the CCI 34 and 46 cross the 100 level
    if conditions 1 3 are met .Usually this produces stronger signals. The
    crossing above the 0 level and 100 level produce separate trade opportunities.
    5. Aim to take profit of not more than 5 pips.
    6. Exit when your take profit of 5 pips is met or when the swing point of the Zig - Zag is high or whichever one comes first.

    Short Trades Sell When
    1. The Zig Zag forms a high swing point and;
    2. Both the CCI 34 and 46 cross the 0 line from above and;
    3. MACD 21,89 1 is below zero.
    4. You can also sell when both the CCI 34 and 46 cross the -100 level if conditions 1 3 are met. Usually this produces stronger signals. The crossing of the 0 level and -100 level produce separate trade opportunities.
    5. Aim to take profit of not more than 5 pips.
    6. Exit when your take profit of 5 pips is met or when the swing point of the Zig - Zag is low or whichever one comes first.

    Hi getting,

    Here is an EA.
    Attached Files Attached Files

  6. #6

    Default

    Strange I cannot seem to get the ea to backtest on my Alpari Uk account, anyone else having this problem...

  7. #7
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default

    Quote Originally Posted by Cyrillic View Post
    Strange I cannot seem to get the ea to backtest on my Alpari Uk account, anyone else having this problem...
    There was something wrong with the macdtf parameters. Code updated.
    Attached Files Attached Files

  8. #8

    Default

    Could you add martingale option to this one, but instead of pip step it would use the next low following a high or next high following a low. Also could you make close function on this ea optional, as of now i tested and it does not work.

  9. #9
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default

    Quote Originally Posted by Cyrillic View Post
    Could you add martingale option to this one, but instead of pip step it would use the next low following a high or next high following a low. Also could you make close function on this ea optional, as of now i tested and it does not work.
    Hi Cyrillic,

    Here is a new version.

    Quote Originally Posted by getting View Post
    Funyoo,

    please also add:
    - time filter
    - macdtf5

    Thanks
    Hi getting,

    Options added.
    Attached Files Attached Files

  10. #10

    Default

    Getting,

    Can you post your set files?
    You MUST be an ELITE member to request EA's.

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