If you're looking to up your trading game, the ColorStepXCCX indicator might just be the tool you need. This innovative trading system generates signals based on bar closing, specifically when the cloud changes color. It's a straightforward and effective way to spot trading opportunities.
To get started, simply place the ColorStepXCCX.ex5 file into your terminal_data_folder/MQL5/Indicators. This will set you up to utilize the system right away.
During our tests, we used the default parameters of the Expert Advisor. Notably, we didn’t incorporate Stop Loss or Take Profit settings, so keep that in mind when evaluating the results.
Fig. 1. Instances of historical trades on the chart.
Now, let’s take a look at the testing results for 2011 on the XAUUSD H4 chart:
Fig. 2. Testing results overview.
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