Welcome, traders! Today, we're diving into the XMA_Range_Bands trading system, a powerful tool that utilizes the universal Keltner channel for your trades. The magic happens at the close of each bar when the price sits snugly within the channel boundaries, giving you clear signals to make your move.
To get started, simply place the XMA_Range_Bands.ex5 file into your terminal_data_folder/MQL5/Indicators directory. This will have you up and running in no time!
For the tests detailed below, we used the default input parameters of the Expert Advisor. It’s worth noting that during these tests, we didn’t apply any Stop Loss or Take Profit settings.
Fig. 1. The instances of history of deals on the chart.
Now, let's take a look at the testing results for the year 2011, specifically with the NZDUSD currency pair.
Fig. 2. Chart of testing results
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