If you're looking to enhance your trading game, the Modified Optimum Elliptic Filter could be your next best friend!
This trading system makes decisions based on when the average shifts direction, giving you a strategic edge.
To get started, make sure you have the compiled indicator file Modified_Optimum_Elliptic_Filter.ex5. You’ll need to place it in your terminal's data folder under MQL5/Indicators.
Don't forget, the TradeAlgorithms.mqh library is a game changer. It allows you to use Expert Advisors with brokers offering nonzero spreads, and you can set both Stop Loss and Take Profit right when opening a position. If you want to explore more options, check out the TradeAlgorithms library.
In our tests, we used the default input parameters for the Expert Advisor, and we didn’t include Stop Loss or Take Profit. Results are shown below.
Examples of deals on the chart
Here are the testing results for 2014 on the USDJPY H4:
Testing results chart
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