If you’re looking to level up your trading game, the i-CAi_StDev indicator is a fantastic tool to consider. This trading system generates signals based on the indicator, providing you with a clear entry point as soon as a color point appears at the close of a bar. But that’s not all—the system also gives a market exit signal whenever the indicator’s direction shifts against your open position.
To get started, make sure you have the compiled indicator file i-CAi_StDev.ex5. Simply drop it into your <terminal_data_folder>\MQL5\Indicators directory, and you’re good to go!
Also, keep in mind that the TradeAlgorithms.mqh library is essential for using Expert Advisors with brokers that offer nonzero spread. This library lets you set your Stop Loss and Take Profit right when you open a position. You can grab more versions of the library by following this link: Trade Algorithms.
During the tests below, we used the default input parameters for the Expert Advisor. Notably, neither Stop Loss nor Take Profit was applied during testing.
Fig. 1. The instances of history of deals on the chart.
Here are the testing results for 2015 on the EURUSD H4 timeframe:
Fig. 2. Testing results chart
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