Hey fellow traders! If you're looking to enhance your trading strategy, let me introduce you to the Exp_CyclePeriod Expert Advisor. This nifty EA is built on the reversal signals of the CyclePeriod oscillator. It catches those pivotal moments when the oscillator changes direction as a bar closes, giving you a great edge in the market.
Before you get started, make sure you have the compiled indicator file CyclePeriod.ex5. You'll need to drop it in your <terminal_data_folder>\MQL5\Indicators directory for everything to run smoothly.
One cool feature of this EA is its compatibility with brokers that have a nonzero spread. Plus, it allows you to set your Stop Loss and Take Profit right when you open a position, thanks to the TradeAlgorithms.mqh library. If you're interested, you can find more variants of this library here.
For the tests shown below, the default input parameters of the Expert Advisor were used, and interestingly, we didn't set any Stop Loss or Take Profit during testing. Let’s check out the results!
Fig.1. Trade examples on the chart
Now, let’s dive into the testing results for USDJPY on the H4 timeframe for the year 2014:
Fig.2. Testing results chart
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