Are you on the lookout for a robust trading system that combines the best of both worlds? Look no further! The Skyscraper_Fix and ColorAML indicators come together in a single Expert Advisor (EA) that promises to enhance your trading strategy.
This EA generates trading signals based on the closing of price bars, particularly when there's a change in trend, as indicated by a color shift in either of the two indicators. This means you'll be alerted to potential market reversals right when they happen!
To set up the EA correctly, make sure you have the compiled files for both Skyscraper_Fix.ex5 and ColorAML.ex5 indicators placed in your <terminal_data_directory>\MQL5\Indicators folder. This step is crucial for seamless operation.
During our testing, we utilized the default input parameters for the EA, without implementing Stop Loss or Take Profit settings. This approach allows you to see the raw performance of the EA. Check out the results below!
Fig. 1. Examples of trades on the chart
We've tested this EA on the GBPJPY currency pair with a timeframe of H4 throughout 2017, and the results are promising:
Fig. 2. Test results chart
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