RSI & CCI Divergence EA (MT4) - Free Download - Best Forex Trading Robots

Introduction to the RSI & CCI Divergence EA

The RSI & CCI Divergence EA is a forex automatic trading robot that executes buy and sell transactions when there is a divergence between price and RSI or CCI. It has Trailing Stop Loss & Take Profit features.

The “IncreaseFactor” function – if you lose a trade the next lot size will be increased.

This EA works the best on timeframes from H1 up to the daily chart.

Inputs

Exit=Enable Exit strategy (value:false).
IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
CCI – “CCI” indicator value (values:10-40).
RSI – “RSI” indicator value(values:10-40).
CandlesToRetrace – Number of candles to wait for divergence (values: 10-100).
Lots – Lots size (values: 0.01-10).
TrailingStop-set a value from 40 to 100 to activate trailing stop loss , “0” will not activate trailing stop loss.
Stop_Loss – Stop Loss (values: 30-500).
MagicNumber – Magic number (values: 1-100000).
TakeProfit – Take Profit (values: 50-100).
FastMA – Fast Moving Average (values: 1-50).
SlowMA – Slow Moving Average (values: 60-200).
Mom_Sell-Momentum_Sell trtrigger(values: 0.1-5).
Mom_Buy-Momentum_Buy trtrigger(values: 0.1-5.
UseEquityStop -Use Equity Stop(value: true).
TotalEquityRisk-Total Equity Risk(values: 1-3).
Max_Trades-Maximum trades(values: 1-5).

You can use it as a hedging grid EA or a single trade EA.

You need to optimize this EA once a week and use the exact same inputs given above.

How to set up the RSI & CCI Divergence EA in MT4?

Installation Guide

Copy and paste the RSI&CCI DIVERGENCE V1.ex4 or RSI&CCI DIVERGENCE V1.mq4 robot files into the Expert folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Experts (paste here).

Restart your MT4 platform to take the effect. Now click shortcut CTRL + R to open the expert advisors window. You can backtest the robot.

To run the EA to the left side of your MT4 terminal. In the Navigator find the robot name, right-click it and select Attach to the chart. Make sure you have enabled AutoTrading (usually that button is located in the top horizontal navigation).

Bottom Line

The RSI & CCI Divergence EA is well worth adding to your trading collection but remember about having realistic expectations. Its performance will vary significantly depending on market conditions.