DCA
ALu_RCI_EU_V2 - Trade in overbought/oversold zones using RSI and CCI bands
#
aluha
3 min read
15/03/2023
36
0
0

icon-menu

Overview

ALu_RCI_EU_V2 trades EURUSD on H1 timeframe configured on FXCE Giga by member Trinh Cong Luan (Telegram: @GiuseLuan) of FXCE - EA community.

The EA uses 3 RSI lines (7, 14 and 21) into 1 band to identify overbought/oversold price zones in parallel using CCI (5) to filter noise.

ALu_RCI_EU_V2 trên MT5

Users can track the trading results of ALu_RCI_EU_V2 on FXCE Social Trading Platform here.

ALu_RCI_EU_V2 trading method

Strategy

Buy conditions

  • There are not any Buy orders

  • RSI (7) < RSI (14) < RSI (21)

  • CCI (5) > 0

  • The 1st candle is a bearish candle

  • The 1st candle > 110 points

  • Time Frame: H1

Sell conditions

  • There are not any Sell orders

  • RSI (7) > RSI (14) > RSI (21)

  • CCI (5) < 110

  • The 1st candle is a bullish candle

  • The 1st candle > 110 points

  • Time Frame: H1

Risk management

  • The first order has a fixed volume of 0.01 lot

  • If the price move in the predicted direction, the EA will initiate Trailing Stop according to CP-SL after 220 points, 20 points each time.

  • If the price moves in the opposite direction, DCA 9 orders (including the first order) according to the respective volume of 0.03; 0.05; 0.09; 0.14; 0.21; 0.27; 0.54; 0.75 lots.

  • TP DCA sequence in USD 6 respectively; 8; 11; 13; 15; 11; 11; 10; 10; 10.

Backtesting results

The EA backtested under the following conditions:

  • Time Frame: H1

  • Backtest period: 01/01/2020 - 18/12/2022

  • Symbol: EURUSD

  • Balance: $10.000

Backtest settings

ALu_RCI_EU_V2 backtesting results

The backtest result is evaluated based on 4 criteria:

  • Drawdown recovery period = EDD * Number of months Backtest / Total Net Profit

  • History Quality ≥ 99%

  • Profit Factor ≥ 1,5

  • Equity Drawdown ≤ 15%

Drawdown recovery period

Comparison

Standard number of months

Criteria

3.15

<

6

Enough

 

History Quality

Comparison

Required level

Criteria

100%

>

99%

Met

 

Profit Factor

Comparison

Required level

Criteria

3.76

>

1.5

Met

 

Equity Drawdown

Comparison

15%

Criteria

4.07%

<

15%

Met

 

More information on the Backtest assessment guiding: https://ea.fxce.com/post/huong-dan-danh-gia-ket-qua-backtest_636a2d4e56a5ec0001ade8e3

Configurating on Giga

Follow the steps to configure and can customize the EA:

Entry tab settings

Buy order

Sell order

Volume tab settings

Settings tab

Action tab settings - DCA

Terms of use

  • The EA is free of charge and shared by member Trịnh Công Luân (Telegram: @GiuseLuan) of FXCE EA.

  • Used on MT5 FXCE platform

  • Any purchase, sale or exchange in any form is not allowed.

  • FXCE as well as Trịnh Công Luân are not responsible for any loss during use.

===========================================

Download the EA config here

===========================================

  • Detailed instructions on how to use EA from EA Giga library can be found here.

  • Copy the “.config” file into the folder where the FXCE Giga config file is saved.

  • To access the folder where the config file is saved, go to FXCE Giga and select the File > Open Data Folder menu.

  • After loading the config file into FXCE Giga, users can perform backtest or forward test.

 

#FXCEGiga
#Giga EA Sample
#DCA
#Giga Collection
ic-comment-blueComment
#