If you're on the lookout for a robust trading system, the iCCI_NR indicator might just be what you need. This system is designed to help you make informed trades by identifying breakout signals at the closing of each bar. When the support and resistance levels are breached, and there's a color change, that’s your cue to jump in.
To get started, ensure you have the compiled iCCI_NR indicator file, iCCI_NR.ex5. You can easily place this file in your MetaTrader’s indicators folder, found under terminal_data_directory/MQL5/Indicators.
Keep in mind, the TradeAlgorithms.mqh library is a game-changer. It allows you to use Expert Advisors even with brokers that offer nonzero spreads. Plus, you can set your Stop Loss and Take Profit right when you open a position. Looking for more options? You can grab additional variants of the library here: Trade Algorithms.
For the tests shown below, we utilized the default input parameters of the Expert Advisor. Notably, we did not incorporate Stop Loss or Take Profit during these tests.
Fig. 1. Trade examples on the chart
Now, let’s take a look at the testing results for 2014 with GBPJPY on the H8 timeframe:
Fig. 2. Chart of testing results
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