Are you looking to enhance your trading strategy? The Exp_BBands_Stop Expert Advisor could be just what you need! Built on signals from the BBands_Stop_v1 indicator, this EA generates trading signals right as a bar closes, but only if the indicator shifts its position and color.
To get the most out of this EA, make sure you have the compiled indicator file BBands_Stop_v1.ex5 saved in your terminal_data_directory/MQL5/Indicators folder. This is crucial for the EA to function correctly.
Let’s take a look at some testing results. The tests below were conducted using the default settings of the EA, and it’s worth noting that Stop Loss and Take Profit parameters were not utilized during these trials.
Fig. 1. Examples of Transactions in the Chart
Here’s a snapshot of the testing results for the USDCHF on the H4 timeframe throughout 2011:
Fig. 2. Testing Results Chart
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