Mastering the iCCI iMA Strategy on MetaTrader 5 for Forex Traders

Author of the idea: Andrey, with MQL5 code by: barabashkakvn.

In this post, we're diving into how to calculate the Moving Average using the data from the Commodity Channel Index (CCI).

//--- create handle of the indicator iMA
   handle_iMA=iMA(m_symbol.Name(),Period(),15,0,MODE_EMA,handle_iCCI);
//--- check if the handle was created successfully
   if(handle_iMA==INVALID_HANDLE)
     {
      //--- output error if handle creation failed
      PrintFormat("Failed to create handle of the iMA indicator for the symbol %s/%s, error code %d",
                  m_symbol.Name(),
                  EnumToString(Period()),
                  GetLastError());
      //--- terminate early if indicator fails
      return(INIT_FAILED);
     }

This process is akin to running the Moving Average indicator in the CCI window while selecting "Previous Indicator's Data" in the settings.

How to Open and Close Positions:

If the Moving Average calculated from the CCI dips below the standard CCI, it’s time to open a BUY position.
If the Moving Average from the CCI rises above the standard CCI, that's your cue to open a SELL position.
If the Moving Average from the CCI climbs above the standard CCI, close your BUY position.
If the Moving Average from the CCI falls below the standard CCI, close your SELL position.

Here's a quick look at testing this strategy on the EUR/USD pair using the H1 timeframe:

iCCI iMA test