A CCI Daily Trend EA

[goldylox]

This is a simple ea.
It will open 2 trades on every new bar. ( if they are greater or smaller then CCI MaxValue or CCI MinValue)
The trades are determined by the max and min CCI on every currency pair you wish to trade.
TimeFrame= timeframe of CCI Signal
SignalPeriod= CCI period

profitdollars2= profit when 2 orders are open
profitdollars4= profit when 4 orders are open, etc…

The profit is calculated in dollars, not pips.

I did not write it for a major release, so there may be bugs and it is not very refined.

Also you cant set and forget it. You will have to close trades manually sooner or later.

I made it for high time frames, but it can be run on any time frame. The graph pic is run on M15 over 1 week.

Please dont run it live! I certainly would not unless I understood the risk!!!

A CCI Daily Trend EA.zip (74.8 KB)

[sandybeach]

Goldylox if you don’t mind me asking, but i think we think alike, do you create EA’s from simple bu profitable manual trading systems?

(But keeping an eye on the robots and not letting them just run 24/7) ?

Also you have an interesting EA there. How has it performed on your demo accounts? As well as the backtest ?

Thanks

[goldylox]

Goldylox if you don’t mind me asking, but i think we think alike, do you create EA’s from simple bu profitable manual trading systems?

(But keeping an eye on the robots and not letting them just run 24/7) ?

Also you have an interesting EA there. How has it performed on your demo accounts? As well as the backtest ?

Thanks

Yep, mostly scouring forums and putting ideas into code. Most of my learning has been from trial and error. More error

I would love to let them run 24/7, but with real money… not a chance…

This ea (as with most) you need a good broker! low spreads, good signals, etc. It cant be backtested as it trades multiple currencies.

The way i trade with it is to let it run automatically. I start watching when there seems to be a large number of orders open. If i am not happy with the number of orders or drawdown, i will close the biggest losing trades, or all the trades. I try to close them with as little loss as possible.

It uses CCI. So the open trades are the ones that deviate the most from the moving average. Simply they are the ones with the best chance of reversal or correction.
The biggest problem is when you have too many trades open you miss the optimal reversal wave and you can be opening trades in the opposite direction.

How stable is it?
The graph above is from this week and i have not intervened. I am a bit surprised it survived with the large movements we have had.

There is probably a best time to trade this ea too. Trading over the US session on a low timeframe will cause issues. (trends with no reversals)

The set file I included is set to 0.1 lots. I have roughly been keeping a ratio of 0.1 lots to every $10,000. My total account Drawdown is around 30%, which is quite high as I closed alot of losing trades at 1 time. Current return is at 30% per month. I have been trading it for 6 months. I would have a better return if I didnt have to sleep,etc

[sandybeach]

Yep, mostly scouring forums and putting ideas into code. Most of my learning has been from trial and error. More error

I would love to let them run 24/7, but with real money… not a chance…

This ea (as with most) you need a good broker! low spreads, good signals, etc. It cant be backtested as it trades multiple currencies.

The way i trade with it is to let it run automatically. I start watching when there seems to be a large number of orders open. If i am not happy with the number of orders or drawdown, i will close the biggest losing trades, or all the trades. I try to close them with as little loss as possible.

It uses CCI. So the open trades are the ones that deviate the most from the moving average. Simply they are the ones with the best chance of reversal or correction.
The biggest problem is when you have too many trades open you miss the optimal reversal wave and you can be opening trades in the opposite direction.

How stable is it?
The graph above is from this week and i have not intervened. I am a bit surprised it survived with the large movements we have had.

There is probably a best time to trade this ea too. Trading over the US session on a low timeframe will cause issues. (trends with no reversals)

The set file I included is set to 0.1 lots. I have roughly been keeping a ratio of 0.1 lots to every $10,000. My total account Drawdown is around 30%, which is quite high as I closed alot of losing trades at 1 time. Current return is at 30% per month. I have been trading it for 6 months. I would have a better return if I didnt have to sleep,etc

Have you been trading this EA with live money?

[sandybeach]

Goldylox do you have any EA’s which are constant losers? or even better always loosing badly?

Thanks

[goldylox]

Have you been trading this EA with live money?

Yes, for about 6 months. Not trading it at the moment due to market conditions.

Goldylox do you have any EA’s which are constant losers? or even better always loosing badly?

Yes. I have 100’s of loosing ea’s. I always test on demo’s first.

[sandybeach]

Yes, for about 6 months. Not trading it at the moment due to market conditions.

Yes. I have 100’s of loosing ea’s. I always test on demo’s first.

Thanks the reason i asked was that i am actually after an EA which loses. I am currently trying to improve my knowledge of EA’s, how they work, when to and when not to trust them etc, would it be possible for you to post the worst EA you have please?

Also with your CCI EA, with regards to improving it, perhaps it could be discussed and other babypips members might have ways to improve it?

Thanks

[goldylox]

Thanks the reason i asked was that i am actually after an EA which loses. I am currently trying to improve my knowledge of EA’s, how they work, when to and when not to trust them etc, would it be possible for you to post the worst EA you have please?

Also with your CCI EA, with regards to improving it, perhaps it could be discussed and other babypips members might have ways to improve it?

Thanks

Yes sure, you can improve it or change it any way you want. It is not designed as a fail safe system. It is just a tool.

this ea will be pretty bad if you dont watch it. I guarantee you will lose everything eventually on full auto.

As to when to trust an ea. That’s simple…
If you know how an ea operates, you will know what the market is expected to do when a trade is opened.
If the market does not behave in the way you want it to, then you have to decide weather to stop trading,etc.

A really important thing to come to terms about ea’s is that they are “Reactive”. They are not “Predictive”.
eg. If there is really bad news out such as “Greece to leave EURO”. You can predict the USD will gain. An EA will
only react to the movement in the market and you will probably lose money because of this.

If there is a better then average chance of the market moving in a certain direction, why would you trade against it?

EA + Brain = Make money.
EA - Brain = Lose money.

[sandybeach]

I completly agree, im still learning about forex and EA’s so best way to learn is to push things to the extreme, watch them fail and then i analyse why they failed.

I guess thats just one way i learn, but it has taught me alot about EA’s. I find forex fascinating, as there are so many different ideas, but at the same time 2 people can disagree about a strategy and different things work for different people

[sandybeach]

Hi Goldylox would it be possible for you to post the MQ4 file of the CCI EA please?

Looks interesting.

Thanks

[goldylox]

I only included the ex4 file. I would have to clean up the code before i posted it.

Here it is running on H1 TimeFrame=1440

I am just going to let it run 24/5 to see how it goes.

[sandybeach]

Interesting you say that, i had it running since friday 24/7 and so far it produced some nice profits, probably about 50 pips.

I think the only change i would make is so it does not continue the trades by re-openning them once i close one.

I think if it had a standard TP and SL it be much better, just so i can set it to take 10 pips and be done with it. Just to maximise on it per day.

But so far your EA has not openned any trades. Guess not all days are perfect. Im running it on the H1 timeframe with your .set file.

It does good

[goldylox]

@sandybeach

Interesting you say that, i had it running since friday 24/7 and so far it produced some nice profits, probably about 50 pips.

I think the only change i would make is so it does not continue the trades by re-openning them once i close one.

I think if it had a standard TP and SL it be much better, just so i can set it to take 10 pips and be done with it. Just to maximise on it per day.

But so far your EA has not openned any trades. Guess not all days are perfect. Im running it on the H1 timeframe with your .set file.

It does good

The reason it does not have a TP and SL in pips is just because I could not be bothered to work out the code for JPY pairs as they have different digits. I have added profit pips. Just make sure you do not trade JPY pairs with it, and you attach it to a non-jpy chart.
Also I did plan it to work with a basket close as it picks the most likely pair to open out of a range. The problem is it will not always get it right, so the basket close helps average out the trades.

Here is an update. Just added a time filter. If it works correctly the time filter will not reopen trades after the basket closes, but it will open trades until it does close.
Also Profit and Loss in Pips

A CCI Daily Trend EA 0.1.zip (74.9 KB)

[sandybeach]

Heya these are the settings i will be testing with your EA today.

I thought i would test with a more scalping approach as your going with attaining more profit per trade.

CCI Daily Trend EA - H1.zip (615 Bytes) on a EURUSD 1 hour chart.

If you do have time Goldylox it would be appreciated if you could gix the code for the JPY pairs take profit.

It would be good to give this EA a better run on more pairs

But im leaving it to run 24/7 just to find out when its best for trading regarding time of the day etc.

[sandybeach]

Goldylox out of interest, how did you come to use the current pairs you have in this EA?

If you dont mind me asking, what made you choose them above the others ?

Thanks

[goldylox]

Goldylox out of interest, how did you come to use the current pairs you have in this EA?

If you dont mind me asking, what made you choose them above the others ?

Thanks

They are just the pairs my broker offered.
You can use up to 24 pairs. Even though they do not display on the screen in the comment.

[blamshakk]

hi goldylox many thanks for the ea. does it need to be just loaded onto one chart or multiple charts?

thanks

They are just the pairs my broker offered.
You can use up to 24 pairs. Even though they do not display on the screen in the comment.

[goldylox]

hi goldylox many thanks for the ea. does it need to be just loaded onto one chart or multiple charts?

thanks

It scans all the currency pairs. You only load it on 1 chart.

Check that the pairs are the same as your broker offers.

Change the lot sizes, and profit $ to suit your risk.

Use a good broker. Try Pepperstone, FinFfx, etc. (good for signals anyway)

Close trades manually if needed.

Don’t run it in trending markets. It relies on Pairs being overbought or oversold.

The time filter will probably help. I don’t run it (live)during US times. (I am sleeping) So I don’t know it performs then.

Just remember it is not set and forget.

[reneblom]

Hello Goldylox, after dragging EA to a chart, adjusting the inputs, click OK, I cannot reopen Properties. Do I something wrong or is it the EA?
Gr. René

[goldylox]

Hello Goldylox, after dragging EA to a chart, adjusting the inputs, click OK, I cannot reopen Properties. Do I something wrong or is it the EA?
Gr. René

check your experts tab, see what is happening.

I will have a guess and say that the Pair Symbols in the ea properties are different to your brokers pairs.

I have tried it with a few different brokers. no probs so far.