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PZ CCI Trader EA
Overview of PZ CCI Trader EA
- This Expert Advisor (EA) is designed for MetaTrader 5 and is based on the Commodity Channel Index (CCI) indicator.
- It allows for various trading scenarios with flexible position management settings.
- Key features include customizable trading sessions, martingale and inverse martingale modes. ⚡
Key Strategies Implemented
- Buy when CCI crosses above 100.
- Sell when CCI crosses below -100.
- Optional closing of trades when CCI reaches set extreme levels (200 for buys, -200 for sells).
- Optional closure of trades when CCI reverts to zero.
Trading Behavior Options
- Regular: Buy on bullish signals and sell on bearish signals.
- Inverse: Sell on bullish signals and buy on bearish signals.
- Only Buy: Focus solely on bullish signals while ignoring bearish signals.
- Only Sell: Focus solely on bearish signals while ignoring bullish signals.
Money Management Features
- Multiple money management modes, including a fixed lot size, auto-calculation based on risk percentages, and martingale strategies.
- The EA allows for customizable lot sizes and can adapt to account size changes. 💰
Configurations and Customizations
- Indicator settings can be tailored to user preferences.
- Position management options include adjustable stop-loss, take-profit, and trailing stop settings.
- Trading sessions can be filtered by Asian, European, or American sessions.
User Experience and Ratings
- The EA has an overall rating of 3.25 based on user reviews, indicating mixed performance.
- It has a track record of 9 user reviews, showcasing both satisfaction and criticism from traders. 🤔
The PZ CCI Trader EA is making waves in the Forex world, but is it all just hot air? On the surface, it promises a delightful package wrapped in the attractive bow of the CCI Indicator. With its diverse set of entry strategies and intriguing money management modes, it might leave ...
Release Date: 29/01/2019