CCI Cross Grid is automatic expert advisor.
This EA uses the built-in Commodity Channel Index (CCI) indicator that comes as standard add-on with your MT4 platform. CCI Cross Grid is a martingale grid. It means it put high risk / high reward trades. CCI indicator recognize when GBPUSD pair is in overbought or oversold territory. The EA place sell orders when the pair is overbought and buy orders when it is oversold but it previously checks if CCI value cross certain level.
1. Shutdown your Metatrader platform
2. Copy the expert advisor file into the /experts folder of your Metatrader software (Example: C:\Program Files/MetaTrader4/experts)
How to use settings?
grid_size: expert advisor will use this data in order to know when to place new orders
take_profit: money management system takes this, minimum_lots and progression to calculate “take profit” in dollars
profit_lock: from 0.5 (50%) to 0.9 (90%). This is the profit locked once you reach take profit.
min_lots: minimum lots for your orders. The EA will take min_lots as the minimum unit.
min_lots_increment: minimum lots increment.
profit_mode: 1 normal, 2 maximize
account_risk: it is the percentage of total account risked with the ea