If you're looking to enhance your trading strategy, the Trading Channel Index is a game-changer. This trading system relies on the oscillator signals to generate actionable insights. A trading signal is triggered when the indicator crosses into oversold or overbought territory, which is conveniently indicated by a color change in the indicator.
To ensure the Expert Advisor (EA) operates smoothly, make sure the compiled Trading_Channel_Index.ex5 file is placed in the <terminal_data_directory>\MQL5\Indicators folder.
The default input parameters for the EA, including stop loss settings, were utilized in the tests displayed below.
Fig. 1. Example trades on the chart
Here are the results from testing the GBPJPY on the H2 timeframe for the year 2017:
Fig. 2. Test results chart
Comments 0