CCI + 2 x EMA EA robot

Summary

The video script discusses a forex trading strategy using CCI and moving averages, implemented in an EA. It explains the strategy's entry and exit rules, improvements made to avoid trading at trend ends and in sideways markets, and EA settings. The speaker shares backtesting results on different market conditions and offers the EA for download, with options to obtain a live version.

Takeaways

• 😀 The speaker discusses a forex trading strategy using CCI and moving averages, which they have turned into an Expert Advisor (EA) for automated trading.
• 📈 They backtested the EA on three random years to evaluate its profitability, demonstrating how the strategy operates in different market conditions.
• 📊 The strategy involves selling when the fast moving average crosses below the slow moving average, and buying when the fast moving average crosses above the slow moving average.
• 🔍 Entry conditions include the CCI crossing below 100 for selling and above -100 for buying, along with specific candlestick patterns related to the moving average lines.
• 💰 The speaker set the EA's take profit at the lower low of the recent 100 candles for selling and the higher high of the recent 100 candles for buying, adjusting dynamically based on market movements.
• ⚠️ To manage risk, the EA modifies the take profit dynamically to the nearest 25 pips when the price falls, reducing potential losses.
• 🛑 The speaker improved the original strategy by adding filters to avoid trading at the end of trends and in sideways or ranging markets, which can be risky.
• 📉 The speaker suggests using the EA on different markets and timeframes, emphasizing the importance of backtesting in various conditions, especially during the challenging years of 2004-2005 and 2008-2009.
• 💼 The speaker provides instructions on how to download, install, and test the EA on the MetaTrader 4 platform, highlighting the need for thorough testing before using the EA with real money.
• 🏦 They mention the importance of choosing a broker that provides extensive historical data for backtesting, recommending Robo4x for its 20 years of data.
• 💬 The speaker offers to provide a free test version of the EA and a paid live version, with pricing options and conditions for obtaining the live version.

Q & A

What is the basic premise of the forex trading strategy discussed in the script?

The strategy involves using the CCI (Commodity Channel Index) and moving averages. It initiates a sell trade when the fast moving average crosses below the slow moving average, the CCI crosses below 100, and specific conditions regarding the opening and closing price of a candle are met. A buy trade is initiated under the opposite conditions.

What improvements were made to the original strategy by the script's author?

The author improved the strategy by adding a take profit level based on the lower low of recent 100 candles for sell trades and the higher high for buy trades. They also introduced a mechanism to modify the take profit to reduce risk when the price falls significantly and added a filter to avoid trading in sideways or ranging markets.

How does the EA (Expert Advisor) determine the take profit level for trades?

The EA sets the take profit level at the lower low of the recent 100 candles for sell trades and at the higher high of the recent 100 candles for buy trades. It also has a feature to auto-modify the take profit level to the nearest 25 pips if the price falls down significantly.

What is the significance of the 'sideways filter' in the EA's settings?

The sideways filter is used to avoid trading in sideways or ranging markets, which can be less profitable and more risky. It compares the high and low of the first 50 bars to the 60th to 120th bars to determine the market trend.

How can users obtain the EA file for backtesting?

Users can download the EA file from the website toto180.com. The download includes the EA itself, an example EA file, and additional files for setting up the chart design and EA settings.

What is the recommended process for backtesting the EA before using it with real money?

The script suggests backtesting the EA on different markets and years, particularly focusing on 2008 for a strong trending market and 2004 to 2006 for a ranging market. It also emphasizes the importance of downloading historical data and using the strategy tester in the MT4 platform.

What are the different versions of the EA files mentioned in the script?

There are two versions of the EA files: a test version that only allows trading on the strategy tester, and a live version that allows trading on both demo and live accounts.

How can users get the live version of the EA file?

Users can obtain the live version of the EA file either by trading with the author's affiliate broker, Robo Forex, or by purchasing the live version at different pricing tiers for one month up to one year.

What is the recommended approach for users who want to increase the number of trades opened by the EA?

Users can increase the number of trades by turning off the sideways filter, changing the time frame from H1 to M5 or M15, or trading all 25 pairs instead of just one.

How can users get support for setting up the EA?

Users can reach out to the script's author via email or Telegram for assistance, but support is provided only to those who have subscribed to the author's YouTube channel and liked the video.

What is the author's approach to testing the EA before recommending it to others?

The author emphasizes the importance of backtesting the EA for at least one hour to see if it loses all money and burns the account. This approach helps to avoid purchasing an EA that may not perform well in real trading conditions.

Outlines

00:00

📈 Forex Trading Strategy with CCI and Moving Averages

This paragraph introduces a forex trading strategy that utilizes the CCI (Commodity Channel Index) and moving averages. The strategy involves selling when a fast moving average crosses below a slow moving average, waiting for a retracement to the moving average, and then opening a sell trade when the CCI crosses below 100 and a candlestick's open price is above the moving average with a closing price below it. The speaker has developed an Expert Advisor (EA) to automate this strategy, including setting take-profit levels based on recent candlestick lows and modifying the take-profit in response to significant losses. The strategy is also improved to avoid trading at the end of trends by dividing the screen into thirds and not allowing trades in the top and bottom third. Additionally, a filter is implemented to avoid trading in sideways or ranging markets by comparing high and low values across different bars.

05:00

💡 Customizing and Backtesting the EA for Profitability

The speaker discusses customizing the EA with personal settings, such as adjusting the stop loss and take profit based on the high and low of recent 100 candles instead of 10, to avoid being hit by stop loss hunters. The importance of backtesting is emphasized, with the speaker sharing results from testing the EA on three random years with a $10,000 capital using a $1 lot size. The speaker advises on the relationship between lot size, profit, and drawdown, and mentions the need to adjust lot size according to the leverage of the trading account. The paragraph concludes with instructions on how to download and set up the EA for testing, including a step-by-step guide on where to place the files and how to perform a one-hour test to avoid purchasing a losing EA.

10:05

📊 Detailed Guide on Backtesting EA with Historical Data

This section provides a detailed guide on how to backtest the EA using historical data. The speaker instructs on downloading historical data for currency pairs and time frames, emphasizing the importance of testing on challenging market conditions like 2008. The speaker suggests using Robo4x broker for its extensive historical data and offers a free premium EA for those who register through their affiliate link. The paragraph includes instructions on how to use the strategy tester in the MT4 platform, set up the EA with different parameters, and interpret the results, including capital, loss, profit, and drawdown percentage.

15:05

🚀 Enhancing EA Performance and Obtaining Live Version

The final paragraph discusses ways to increase the number of trades opened by the EA, such as turning off the sideways filter, changing time frames, and trading multiple pairs. The speaker warns of the increased risk associated with these changes and advises backtesting before applying them with real money. Two versions of the EA are mentioned: a test version for strategy tester use and a live version for demo and live accounts. The live version can be obtained either by using the speaker's broker and earning affiliate commissions or by purchasing a license. Support is offered for setting up the EA, and the speaker invites viewers to subscribe to their YouTube channel and join their Telegram group for further updates and assistance.

Keywords

💡Forex Trading

Forex Trading refers to the buying and selling of currencies in the foreign exchange market. It is a decentralized global market where all the world's currencies trade virtually around the clock. In the video, the presenter discusses a specific trading strategy involving the use of technical indicators, which is central to the theme of forex trading.

💡CCI (Commodity Channel Index)

The CCI is a technical indicator used by traders to determine when an asset is overbought or oversold. In the context of the video, the CCI is a key component of the trading strategy, used to identify entry and exit points for trades based on its crossing of certain threshold levels.

💡Moving Average

A moving average is a widely used indicator in technical analysis that helps smooth out price data by creating a constantly updated average price. In the video, the moving average is used in conjunction with the CCI to identify trends and potential trading opportunities.

💡EA (Expert Advisor)

An Expert Advisor is an automated trading program designed for the MetaTrader platform that can place orders at the direction of the trader. In the video, the presenter has built an EA based on a specific trading strategy and discusses its performance in backtesting.

💡Backtesting

Backtesting is the process of evaluating a trading strategy by applying it to historical data to see how it would have performed. In the video, the presenter backtested the EA on three random years to analyze the profitability of the trading strategy.

💡Take Profit

Take Profit is an order type used in trading to close a trade automatically when the market reaches a certain price level, locking in profits. In the video, the EA's take profit is set dynamically based on recent price action, demonstrating a method to secure gains.

💡Stop Loss

A Stop Loss is an order placed with the intent of limiting potential losses on an investment to a specified amount. The video mentions adjusting the stop loss setting in the EA to manage risk effectively.

💡Lot Size

Lot size refers to the number of units of a currency pair that a trader is buying or selling in a single transaction. The video discusses adjusting the lot size in the EA settings to scale the impact of trades to the trader's capital.

💡Sideways Market

A sideways market, also known as a ranging or consolidating market, is one where the price of an asset moves in a relatively narrow range and does not exhibit a clear upward or downward trend. The video describes a filter to avoid trading in such conditions as they can be less profitable.

💡Ranging Market

A ranging market is similar to a sideways market, where the price of an asset oscillates within a specific price range. The script mentions avoiding trades in ranging markets to reduce risk, as the EA is designed to perform well in trending conditions.

💡Risk Management

Risk management in trading involves the identification, evaluation, and prioritization of risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. The video emphasizes the importance of risk management through the use of stop losses, take profits, and lot size adjustments.

Highlights

A forex trading strategy using CCI and moving average indicator is discussed.

The strategy is demonstrated through a YouTube link.

An EA (Expert Advisor) is built based on the strategy and backtested on three random years.

The strategy involves selling when the fast moving average crosses the slow moving average and waiting for specific CCI and candlestick conditions.

The EA is programmed to open trades based on the moving average and CCI conditions.

Take profit is set at the lower low of recent 100 candles for sell trades and higher high for buy trades.

The EA modifies the take profit to the nearest level when there is a risk of losing over 40 pips.

The strategy is improved to avoid trading at the end of trends.

The screen is split into three parts to avoid trading in certain areas of the screen.

The EA is designed to avoid trading in sideways or ranging markets.

The EA uses a filter to determine if the market is bullish, bearish, or sideways based on the high and low of the first 50 bars.

Customized EA settings are highlighted, including changes to stop loss and take profit based on recent 100 candles.

The EA can be adjusted for more trades by turning off the sideways filter, changing time frames, or trading all 25 pairs.

The EA is tested on different markets to ensure it doesn't burn accounts in both trending and ranging markets.

Instructions are provided on how to download and backtest the EA on the MT4 platform.

The EA is backtested with a capital of ten thousand dollars at one dollar lot size.

The EA is available in two versions: a test version for strategy tester and a live version for demo and live accounts.

The live version of the EA can be obtained either by using the presenter's broker or by purchasing it.

Transcripts

recently i came across a forex trading

strategy using cci and moving average

indicator you may watch the entire

strategy video from this youtube link

i'm curious how much profit per year can

grow from the strategy so i built an ea

base on this strategy and backed us the

ca on three random years to see how much

profit it made

let me quickly explain this strategy

first when fast moving average line is

crossing slow moving average line then

it is downtrend thus only allowed to

sell but don't enter yet we wait the

candle retrace back to touch moving

average line

and we wait cci cross down level 100 and

we wait a candle which

open price is above moving average line

and close price is below moving average

line then we start open a sell trade

entry immediately

now let's see how the iea open trade

base on this strategy

when fast moving average line cross down

slow moving average line

then only allow to sell

then cci cross down level 100

then candle opening price is above

moving average line and

candle closing price is below moving

average line

then open a sell trade the original

strategy didn't explain where to put the

take profit so i set ea take profit at

lower low of recent 100 recent candles

when fast moving average line cross

above slow moving average line

then only allow to buy

then cci cross above level negative 100

then candle opening price is below

moving average line and

candle closing price is a mug moving

average line

then open a buy trade the original

strategy didn't explain where to put the

take profit so i set ea take profit at

higher high of recent 100 recent candles

but when price fall down

we are losing over 40 pips we are in

risk so my ea auto modified the tp to

nearest which is 25 pips tp only as you

can see we close the trade in near atp

to cut the risk

here you can see original tp is 1.26650

then ea modify the tp to 1.24832

as you can see we sell it here when the

bearish trend isn't and we buy it here

when bullish trend isn't it is too risky

the original strategy never avoid to

trade trend end so i improved the

strategy to avoid to trade on trend end

how to avoid simple i just split the

screen into three parts

then i set ea not allow to open by trade

at one third of the screen not allow ea

to open sell trade at three-thirds of

screen

since trade on moving average line is

more profitable and more safe on

trending market

and too risky for sideways or ranging

market so i have make the ca 2 avoid

trade on sidewave or ranging market how

to avoid simple i set the e8 to take

high and low of first bar to 50th bar to

compare with high and low of 60th bar to

120th bar if the high of first to 50th

bar is higher

and if the low of first to 50th bar is

higher

then it is bullish trend so allow to buy

at this example the higher first to 50th

bar is higher

but the low of first to 50th bar is not

higher

so it is not bullish trend and it is not

bearish trend too

so it is sideways or ranging market so

ea won't open trade now let's talk about

ea settings on the left side is the

original strategy settings on the right

side is my own customized settings i

highlight the differences between these

two settings i change sl and tp to base

on high and low of recent 100 candles

instead of 10 candles it is because

there are too many sl hunters sl is too

near as too easy to get hit as i said

before the original strategy didn't

avoid sideways market so i added

sideways filter to my own customized

setting it will open very less trade per

week if sideways filter is enabled so if

you want more trades then you have to

turn off sideway filter the more trades

the more profit but the more risk to

baptist it then you will know how much

profit and risk it gain if turn off the

sideway filter you may set your own tp

and sl30 pips or 100 pips at here here

you can change the lot size let me

explain how much lot size you should set

below are three random years i backtest

with capital ten thousand dollar at one

dollar lot size

so capital one hundred dollar you 0.01

lot size will get the same percentage of

profit and drawdown if you want to

increase profit you may increase the lot

size but it increases drawdown percent

too for example times three lot size you

get 90 profit per month 54 max drawdown

it is depend on how much profit you want

to gain and how much drawdown risk that

you willing to take above tests was done

on leverage when to 1000 account so if

you are using one to 200 leverage

account

then you might need to use five times

smaller lot size many trending ea burned

the account when baptist on year 2004 to

2005 ranging market

mini reversal ea burned the account when

baptist on year 2008 to 2009 trending

market so i have practiced this two

years to make sure my ea won't burn

account in the both different markets i

have backed us my ea on this three

different markets below are the results

you may download my ea file to backtest

it yourself on other pairs

other years other timeframe other

settings

i'm going to show you how to download

the file and baptist go to website

toto180.com to download ea filename

mova ea go to website

toto180.com to download the ea file

i download example ea file just for

example

you will need to download the correct ea

file name

then go to the zip file and extract it

there are four files in the folder chart

design file is to put all required

indicators to your chart ea settings

file is to set the ea setting example ea

file is the ea you may open and read the

readme file which contents on useful

information about this ea

now we need to move the ea file to your

mt4 expert folder

open your mt4

then click file then click open data

folder

then open mql4 folder then open experts

folder

then copy paste the ea file into this

folder

then right-click navigator window

and select refresh

then select the new ea name from

strategy tester

then click expert properties then click

load then select the ea settings file

then click ok then click start

then right click on the chart then

select template then select load

template then copy paste the chart

design file into this folder then select

chart design file

then click open

now you may check the chart if the ea

open and close trade is based on

strategy and indicator correctly or not

many people didn't practice the ea

before buying the ea

so they pay money too by the ea that

always lost money and burned their

account if you baptist the ea and the

test results show it lost all money and

burn account in one hour test

then you won't pay money to buy the ea

i'm here to show you how to test the ea

for one hour to see if it lost all money

and burn account or not to back does

your ea you need to open your mt4

software on your computer

then log into your account by account id

password

server

after login to your account then only

you are able to download history data

for baptist now click tools then select

history center then select the currency

pair history data that you want to

download then select the time frame

history data that you want to download

then click download

if you can't download the history data

then you may watch my other video to

learn how to solve this problem here is

the video link

then you wait for 15 minutes to complete

downloading all the history data

after downloading complete then you may

check what is the oldest year history

data note that year 2008 burned most of

ea accounts

so i suggest you backtest your ea on

year 2008. if your ea doesn't burn

account on year 2008 test then it is

safe for you to put real money on this

ea

mini broker only provide two years

history data for year 2021 and 2020 only

i suggest you use robo 4x broker because

robo4x broker provide many years of

history data

as you can see robo4x broker provide 20

years old history year 2008 i will free

gift away some of my premium ea to you

if you register an account through my

affiliate link

now close the history center window then

click view then select strategy tester

then check use date then check visual

mode then key in the date that you want

to backtest

you should test reversal ea on year 2008

august to december on eurost

it will burn account because that three

months is strong trending you should

test trending ea on year 2004 to 2006 on

eurost

it will burn account because that three

years is ranging

now select your ea name from the list

then select time frame that you want to

test

then click expert property and set how

much capital dollar you want to test

then click input menu then set your ea

setting like lot size stop loss take

profit and etc

then click start

i prefer hide the grid and i prefer zoom

in

and i prefer candlesticks

click the graph menu now you see your

capital was 10 000

but now the balance keep decreasing

meaning the ca keep losing money so you

better don't waste your money to buy the

ca

now let's zoom in to check detail of the

chart to see how the ea open trades and

closing trade in loss or profit

now you click pause

then click result here you can see how

much loss and profit per trades

then you click report here you can see

your capital and how much is the loss

and profit and the drawdown percentage

now let's back to discuss eacci plus 2x

mova ea this ea sometimes three days

only open one trade

very less trade you may increase the

trades by three options

one turn off sideway filter on ea

setting 2 change h1 time frame to m5 or

m15 3 trade all 25 pairs instead of one

pair you used above three options may

increase the risk

so i suggest you backtest those change

of settings

time frame

and pairs

make sure it won't burn account before

putting the real money there are two

different versions of ea files

one test version only allow open trade

on strategy tester 2 live version allow

open trade on demo and life account i'm

giving free the test version ea file to

you to let you baptist the ea until you

are satisfied with the result

then only you start requesting live

version ea file from me two different

ways to get the live version ea file

from me you choose either one

one if you willing to trade using this

ea by using my robo forex broker to let

me earn affiliate commission

then i will free gift away forever

licensed live version of ea to you

you may follow the instruction steps on

this video link

2 you pay money to buy live version ea

from me at price

one month license at five us dollars

two months license at nine us dollars

three months license at twelve us

dollars

six months license at 19 u.s dollars

one-year license at 25 us dollars if you

have problem with set up the ca

then you may email me or message me at

telegram

i am pleasure to help you out

you may ask me any question but i will

answer you only if you have subscribed

my youtube channel and like my video i

will upload next new video about a

powerful ea generating 100 profit every

week stay tuned you are welcome to join

my telegram group from the link below

see you there have a nice day