Automating Trading with the Commodity Channel Index for MetaTrader 4

Author: Mohammad Soubra

The Commodity Channel Index, or CCI, is a fantastic tool for traders in the financial markets, including forex. Keep in mind that the example shared here is primarily for coding purposes and not meant to serve as a profitable trading system.

Here’s how the CCI can be utilized to open buy and sell orders based on the typical price:

double CCI_Typical_Curr=iCCI(NULL,0,CCIPeriod,PRICE_TYPICAL,0);
double CCI_Typical_Prev=iCCI(NULL,0,CCIPeriod,PRICE_TYPICAL,1);

// Buy order rule
if((CCI_Typical_Prev<-90) && CCI_Typical_Curr>-80)
// Sell order rule
if((CCI_Typical_Prev>90) && (CCI_Typical_Curr<80))

With these rules, you can pinpoint some excellent entry points, as demonstrated below:

input string separator1="--------------- TRADES OPTIONS ---------------";//TRADING INPUTS
input int    TradesDuplicator=3;//How many times to duplicate trades
input double Lots=0.03;//Standard Lot Size
input int    MagicNumber=1982;//ID for trades
input double StopLoss=50;//Set Stop Loss
input double TakeProfit=200;//Set Take Profit
input int    TrailingStop=50;//Trailing Stop
input int    Slippage=3;
input string separator2="--------------- CCI OPTIONS ---------------";//CCI SETTINGS
input int    CCIPeriod=9;//CCI Calculation Period
input string separator3="--------------- ON CHART COLORS ---------------";//TRADE ARROW COLORS
input color  BuyArrowOpen=clrBlue;//Color for Buy Arrows
input color  SellArrowOpen=clrRed;//Color for Sell Arrows
input color  ModificationArrow=clrWhite;//Color for Modified Trades

Important Notes:

• This code is intended as a demonstration for our community library and should not be used for live trading.
• Feel free to tweak or modify the code as you see fit, whether it's you, me, or another coder!
• Happy Trading!