If you're looking to enhance your trading strategy, the Digital CCI Woodies indicator might just be what you need. This trading system generates reliable signals whenever a bar closes and there's a change in the cloud color.
To get started, you'll need to have the compiled indicator file, Digital_CCI_Woodies.ex5. Simply place this file in your terminal's data directory under MQL5/Indicators.
It's worth noting that the TradeAlgorithms.mqh library file is essential for using EAs with brokers that offer a nonzero spread. Plus, it allows you to set your Stop Loss and Take Profit right alongside opening a position. If you're interested in exploring more variants of this library, check it out here: Trade Algorithms.
The tests conducted below utilized the default input parameters of the Expert Advisor, and importantly, neither Stop Loss nor Take Profit was used during these tests.
Fig. 1. Trade examples on the chart
Now, let’s take a look at the testing results for the year 2014 on the GBPJPY H6:
Fig. 2. Chart of testing results
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