If you're looking to up your trading game, the XMA_Ishimoku_Channel converter indicator is a solid choice. This system generates signals when a bar closes, provided the price is within the channel boundaries.
To get started, simply place the XMA_Ishimoku_Channel.ex5 file into your terminal's terminal_data_folder\MQL5\Indicators.
During the tests highlighted below, we used the default input parameters of the Expert Advisor. It's worth noting that we didn't apply Stop Loss or Take Profit settings in these tests.
Fig. 1. The instances of history of deals on the chart
Let’s dive into the testing results for 2011 using the GBPJPY on the H4 timeframe:
Fig. 2. Chart of testing results
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