CCI, Stochastic, and Moving Average Entry Rules for an M15 Expert Advisor

Summary

This MetaTrader expert advisor checks for signals when a new bar appears on the M15 timeframe. It opens a position using a configured lot size and places stop loss and take profit levels immediately. Its entries combine Commodity Channel Index (CCI), Stochastic, and moving average conditions evaluated on the prior bar.

A buy signal requires CCI below a negative threshold, Stochastic below its lower threshold, and the prior bar’s open above its moving average. A sell signal requires CCI above its threshold, Stochastic above its upper threshold, and the prior bar’s close below its moving average. The document describes the rule set but gives no threshold values, exit rationale beyond preset stop and target levels, backtest, or performance evidence. As presented, the indicator filters and the use of different bar prices for the moving average comparison need evaluation before the rules can be treated as a complete strategy.

Key ideas

• The advisor evaluates signals only when a new M15 bar appears.
• Buy entries require low CCI and Stochastic readings together with the prior bar’s open above its moving average.
• Sell entries require high CCI and Stochastic readings together with the prior bar’s close below its moving average.
• Each opened position receives a configured lot size, stop loss, and take profit.
• The description omits parameter values and provides no evidence of historical or live performance.

Tags

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