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.

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%

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.

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Download the EA config here

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• 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.