The extreme CCI forex robot is based on two 85 period moving averages and extreme Commodity Channel Index (CCI) levels.
The EA buys when the CCI reaches the -200 level + trend = up and sells at the 200 CCI level + trend = down.
So, it follows the trend and opens a trade at extreme CCI levels. This approach ensures to trade at the best possible entry levels.
Buy order: The forex robot opens a buy order when the trend is up + CCI at -200 level (oversold).
Sell order: The forex robot opens a sell order when the trend is down + CCI at 200 level (overbought).
Currency pairs: majors + GBP/JPY and EUR/JPY
Preferred Time frames: Suitable for 1 min charts and higher time frames.
Configurable Expert Advisor Options
Lot size, maximum risk, stop-loss, moving average period, CCI buy level, CCI sell level, slippage, …