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Framework Forex expert advisor uses three Commodity
Channel Index (CCI) indicators crosses to determine position opening and
closing. It is very simple, yet effective expert advisor. It also performs
checks for available free margin to stop trading if it is bankrupt. This EA
doesn't trade if bars didn't change or there were no 100 bars yet.
My test of Framework MetaTrader expert advisor gave a very good result using GBP/JPY pair on a daily chart using just 0.1 standard lots - about $20,000 profits over $10,000 account in one year, with just about $2,000 maximum drawdown. I've also checked it on a three years period and its performance showed the same stability.
What are the stop-loss and take-profit used by this EA?It uses 255 pip take-profit, but doesn’t use a stop-loss on its orders. It should be on to close your orders when they are losing. The average losing order is 503 pips.
How often does it trade?On daily GBP/JPY chart (the optimum settings) this EA will trade 2-3 times a month on average.
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