If you're looking to enhance your trading game, the RSI & CCI Divergence EA is a powerful tool that can make all the difference. This expert advisor operates on the principle of divergence between the RSI and CCI indicators, employing a trailing stop loss and take profit strategy. It’s designed to work seamlessly across all major forex pairs and stocks on the NASDAQ, making it a versatile addition to your trading toolkit.
Before diving in, here are a few essential tips:
- Start by testing it on a demo account to get a feel for its performance.
- This EA executes trades based solely on the opening price of each candle!
- If you prefer not to increase the lot size after a loss, simply set the IncreaseFactor to 0.
Key Inputs for Optimization
- Use_TP_In_Money: Use Take Profit in monetary terms (true/false).
- TP_In_Money: Set Take Profit in money (values: 10-100).
- Use_TP_In_Percent: Use Take Profit in percentage (true/false).
- TP_In_Percent: Set Take Profit in percentage (values: 10-100).
- Enable_Trailing: Activate trailing stop with money (true/false).
- Take Profit In Money: Specify take profit amount (values: 25-200).
- Stop Loss In Money: Define stop loss amount (values: 1-20).
- CCI: CCI indicator value (values: 10-40).
- RSI: RSI indicator value (values: 10-40).
- BarsToCount: Number of candles to wait for divergence (values: 10-100).
- Exit: Close trades if the trend moves against you to control drawdown (true/false).
- Lots: Define lot size (values: 0.01-1).
- IncreaseFactor: Lot size increase factor after a loss (values: 0.001-0.1).
- Stop_Loss: Set stop loss (values: 30-500).
- MagicNumber: Define a magic number (values: 1-100000).
- TakeProfit: Set take profit (values: 50-200).
- FastMA: Fast moving average (values: 1-20).
- SlowMA: Slow moving average (values: 50-200).
- Mom_Sell: Momentum sell trigger (values: 0.1-0.9).
- Mom_Buy: Momentum buy trigger (values: 0.1-0.9).
- UseEquityStop: Enable equity stop (true/false).
- TotalEquityRisk: Set total equity risk (values: 0.01-20).
- Max_Trades: Maximum number of trades (1-12).
- TrailingStop: Set a value from 40 to 100 to activate trailing stop; use "0" to disable.
- Enable Break Even: Enable break even feature (true/false).
- When move Break Even: Set movement for break even (values: 5-30).
Remember, optimizing this EA every few months is crucial to maintain its edge. You can use it as a hedging grid EA or a single trade EA, depending on your strategy.
For those interested in back testing, check out this guide: Backtesting Guide.
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