Welcome, fellow traders! Today, we're diving into a powerful trading system based on the Percentage Crossover Channel System indicator. This system generates signals when a bar closes, particularly when a colored bar appears, following a previous bar that was either a different color or uncolored. It's a straightforward yet effective strategy that can yield great results!
To get started, you’ll need to use the compiled indicator file, PercentageCrossoverChannel_System.ex5. Make sure to save it in your <terminal_data_folder>\MQL5\Indicators directory for seamless operation.
One of the perks of this system is its compatibility with the TradeAlgorithms.mqh library file. This means you can run your Expert Advisors with brokers that provide a non-zero spread, and you can also set your Stop Loss and Take Profit levels right when you open a position. If you're looking for more options, check out the Trade Algorithms library for additional variants!
During the tests shared below, we used the default input parameters for the Expert Advisor, and it's worth noting that we did not apply Stop Loss and Take Profit during testing. This gives us a clear view of how the system performs under these conditions.
Fig. 1. Examples of deals on the chart
Now, let’s take a look at the testing results for the GBPJPY pair on the H4 timeframe from 2015:
Fig. 2. Testing results chart
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