The Cyclical Range Trader EA buys and sells depending on the value of the CCI indicator. The CCI (Commodity Channel Index) indicator is used to locate overbought and oversold conditions, identify new trends, and warn of extreme conditions. It measures the current price level relative to an average price level over a given period of time.
When the CCI crosses below the “lower level” (default value: -100) a buy trade is opened.
Note: Used as an oscillator, this EA will always have a trade open (once the initial buy or sell trade opens). Trades close when the CCI value crosses above the “upper level” (default value: 100), and subsequently, a new sell trade is opened. All trades open and close at the close of the current candle. Stops and limits are not used.
When the CCI crosses above the “upper level” (default value: 100) a sell trade is opened.
Note: Used as an oscillator, this EA will always have a trade open (once the initial buy or sell trade opens). Trades close when the CCI value crosses below the “lower level” (default value: -100), and subsequently, a new buy trade is opened. All trades open and close at the close of the current candle. Stops and limits are not used.
The following inputs are available in the EA’s properties window and can be defined by the app user:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice.
This Expert Advisor (EA) is only compatible with FXCM MetaTrader 4 software. It does not operate on MetaTrader 4 software provided by any other brokerage. Additionally, an FXCM account is required (including free FXCM demo accounts).