An Expert Advisor Combining CCI and Smoothed RSI Signals

Summary

This document describes an automated trading program based on two custom indicators: colored CCI levels and a smoothed RSI. The expert advisor checks for trading signals only when a new bar appears, can hold an unlimited number of positions, and offers an option to reverse its trading signals. The write-up identifies the idea’s origin and the person who implemented the MetaTrader code.

It does not explain the indicator settings, exact entry or exit rules, position sizing, or risk controls, and it gives no backtest or live performance evidence. As a result, the description outlines the system’s basic operating structure but is insufficient to assess its behavior or trading merit. The lack of a position limit is especially relevant when evaluating exposure and drawdown risk.

Key ideas

• The expert advisor combines CCI color levels with a custom smoothed RSI.
• It evaluates signals only when a new bar forms.
• The program permits an unlimited number of open positions.
• A setting allows the trade signals to be reversed.
• The document gives no signal details, risk rules, or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.