VALTURN_CCI

by
Santos@Free EA

SUMMARY

This expert advisor (EA) utilizes the power of the commodity channel index (CCI) to enter trades in a contrarian manner, aiming to capture market reversals and capitalize on price movements that deviate from the prevailing trend. Operating on the 5-minute bar timeframe, this EA employs a grid trading strategy to maximize potential profits.

PERFORMANCE (LIVE FORWARD TEST)

VALTURN_CCI profit and loss graph
TOTAL GAIN-99.9%
MONTHLY-74.2%
DRAWDOWN100.0%
START2024-02-22
OPERATING MONTH7
ACCOUNTdemo

KEY FEATURES

Currency Pair GBPAUD
Time frame 5M
Terminal MT5
Trading Syle

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Description

This Expert Advisor (EA) is designed to leverage the power of the Commodity Channel Index (CCI) to initiate trades in a contrarian manner. This EA is specially developed for use with the MetaTrader 5 (MT5) platform, providing traders with a reliable and efficient trading tool.

This EA, which operates on a 5-minute time frame, utilizes a grid trading strategy to maximize profit potential. This EA has been developed for the currency pair GBPAUD and is optimized for the volatility within this particular market.

By utilizing the CCI indicator, this EA can identify potential overbought or oversold conditions and enter trades in the opposite direction. This contrarian approach aims to capture market reversals and take advantage of price movements that deviate from the general trend.

Take advantage of price fluctuations that deviate from the general trend in the GBPAUD market and quickly accumulate profits with aggressive trading strategies.

*Please note that past performance is not indicative of future results and trading involves risks.

Attach an EA to the M5 chart of GBPAUD on MT5.

▼parameter settings

Lot_Size Minimum 0.01 lot ~ Please set according to your account balance.
Magic number Normally, there is no problem with the default setting. This is the number that identifies this EA order within the account. If you use multiple EAs in one account, please set the magic number so that it is not the same as another EA’s magic number.

Since this EA holds multiple positions, it cannot tolerate drawdowns if the account balance is too small or the lot size is too large.
Also, the higher the account leverage, the better, and 1:200 or higher is recommended.
The recommendation is to start with 1000 USD and 0.01 lot. Be cautious about increasing lot size. Foreign exchange markets change rapidly and involve risks.

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