Idea by: Scriptor.
MQL5 Code by: barabashkakvn.
Meet the AOCCI Expert Advisor (EA) designed for MetaTrader 5! This handy tool leverages signals from the iCCI (Commodity Channel Index) and iAO (Awesome Oscillator) indicators, while also factoring in the current open prices from the last six bars, as well as the daily and hourly close prices for added accuracy.
Key Inputs
- Lots: Position volume
- Stop Loss: Stop Loss in pips
- Take Profit: Take Profit in pips
- Trailing Stop: Trailing Stop in pips
- Trailing Step: Trailing step in pips
For the CCI indicator, you can adjust the following parameters:
- CCI: Averaging period
- CCI: Type of price
Additionally, the EA includes options to protect against unusually large candlesticks:
- Check for oversized candlesticks (n vs. n-1)
- Check for oversized candlesticks (n vs. n-2)
- Set to 1 if you want the angle close to 0 for the current initial bar number
Don’t forget to set your magic number for tracking trades efficiently!
Now, let’s take a look at some testing results using the "All ticks" mode across various symbols in the Market Watch:
| Symbol | Pass | Result | Profit | Expected Payoff | Profit Factor | Recovery Factor | Sharpe Ratio | Custom | Equity DD % | Trades |
| USDCAD | 5 | 3271.70 | 271.70 | 0.91 | 1.16 | 0.73 | 0.05 | 0 | 11.13 | 297 |
| USDCHF | 3 | 3145.29 | 145.29 | 0.78 | 1.10 | 0.35 | 0.04 | 0 | 13.84 | 186 |
| GBPUSD | 2 | 3015.10 | 15.10 | 0.05 | 1.01 | 0.02 | 0.01 | 0 | 16.90 | 308 |
| EURUSD | 0 | 3012.18 | 12.18 | 0.05 | 1.01 | 0.04 | 0.01 | 0 | 9.12 | 263 |
| EURCAD | 9 | 3008.58 | 8.58 | 0.02 | 1.00 | 0.02 | 0.00 | 0 | 11.59 | 382 |
| USDRUB | 12 | 3000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0 | 0.00 | 0 | |
| NZDUSD | 13 | 2989.06 | -10.94 | -0.06 | 0.99 | -0.03 | 0.00 | 0 | 12.47 | 176 |
| USDJPY | 1 | 2977.87 | -22.13 | -0.11 | 0.99 | -0.06 | 0.00 | 0 | 12.33 | 195 |
| EURJPY | 8 | 2867.50 | -132.50 | -0.44 | 0.94 | -0.22 | -0.02 | 0 | 19.53 | 301 |
| AUDUSD | 4 | 2857.16 | -142.84 | -0.78 | 0.91 | -0.24 | -0.03 | 0 | 17.20 | 183 |
| EURCHF | 6 | 2853.93 | -146.07 | -0.88 | 0.90 | -0.39 | -0.03 | 0 | 12.12 | 166 |
| GBPCHF | 10 | 2725.23 | -274.77 | -0.97 | 0.90 | -0.53 | -0.03 | 0 | 17.18 | 283 |
| EURGBP | 7 | 2637.06 | -362.94 | -2.59 | 0.80 | -0.70 | -0.07 | 0 | 16.57 | 140 |
| AUDJPY | 15 | 2398.46 | -601.54 | -2.84 | 0.71 | -0.78 | -0.12 | 0 | 24.90 | 212 |
| GBPJPY | 14 | 2338.56 | -661.44 | -1.75 | 0.81 | -0.77 | -0.07 | 0 | 26.86 | 377 |
| USDCNH | 11 | 1401.68 | -1598.32 | -2.01 | 0.37 | -1.00 | -0.37 | 0 | 53.28 | 797 |
With these insights, you can start to see how the AOCCI EA performs across various currency pairs. Whether you're a seasoned trader or just starting, this EA could be a valuable addition to your trading toolkit!
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