If you're looking to up your trading game, let me introduce you to a powerful trading system based on the KWAN_CCC indicator. This system generates signals at the close of a bar, triggering a signal whenever the indicator's direction changes—essentially when the color shifts.
To ensure the EA runs smoothly, make sure you have the compiled KWAN_CCC.ex5 file placed in the <terminal_data_directory>\MQL5\Indicators folder. Having this in the right spot is crucial for optimal performance.
Also, keep in mind that the TradeAlgorithms.mqh library is tailored for EAs that work with brokers offering a nonzero spread. This means you can set your Stop Loss and Take Profit at the same time you open a position. If you need other versions of this library, you can grab them at Trade Algorithms.
The default input parameters for the EA were utilized in the tests below, and, just to note, Stop Loss and Take Profit settings were not applied during these tests.
Fig. 1. Example trades on the chart
Now, let's dive into the testing results for XAUUSD on the H12 timeframe over the year 2016:
Fig. 2. Testing results chart
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