Are you looking to enhance your trading strategy? The MaChannel trading system may be just what you need! This system utilizes the signals from the MaChannel indicator to help you identify potential trading opportunities.
To get started, make sure you have the compiled indicator file, MaChannel.ex5, saved in your <terminal_data_folder>\MQL5\Indicators directory. This will ensure the Expert Advisor (EA) runs smoothly.
One thing to keep in mind is that the TradeAlgorithms.mqh library file is essential for using EAs with brokers that offer a non-zero spread. It also allows you to set your Stop Loss and Take Profit levels right when you open a position. If you're looking for more options, you can download additional variants of this library here: Trade Algorithms.
For the tests outlined below, we used the default parameters of the Expert Advisor, without incorporating Stop Loss and Take Profit levels.
Fig. 1. Examples of trades on the chart
Here are the testing results from 2015 using the EURJPY pair on the H8 timeframe:
Fig. 2. Charts of testing results
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