The Exp_CMO Expert Advisor is designed to enhance your trading game using signals derived from the CMO indicator. It generates a trading signal when the bar closes and the cloud indicator flips its color, indicating a potential market opportunity.
To get started, simply place the CMO.ex5 file in your terminal's data folder under MQL5/Indicators.
For the tests highlighted below, we utilized the default input parameters of the Expert Advisor. Notably, we didn't incorporate Stop Loss and Take Profit settings during these tests.
Fig. 1. The instances of history of deals on the chart.
Here are the testing results for 2011, focusing on the EURJPY currency pair on the H4 timeframe:
Fig. 2. Chart of testing results
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