If you're on the hunt for a reliable trading assistant, look no further than the Exp_FisherCyberCycle Expert Advisor. This nifty EA is built on the signals generated by the FisherCyberCycle oscillator, making it a valuable addition to your trading arsenal.
The magic happens when the indicator's main and signal lines cross over at the close of a bar, giving you a clear signal to act.
To get started, make sure you place the FisherCyberCycle.ex5 file into your <terminal_data_folder>\MQL5\Indicators directory.
One thing to keep in mind is that the TradeAlgorithms.mqh library file allows you to use Expert Advisors with brokers that offer nonzero spread. Plus, it enables you to set your Stop Loss and Take Profit right when you open a position. If you want to explore more options, you can find additional variations of the library here: Trade Algorithms.
During the testing phase, the default input parameters for the Expert Advisor were utilized. Notably, neither Stop Loss nor Take Profit was applied in the tests.
Fig. 1. Examples of deals on the chart
Here's a quick look at the testing results for 2014 on the GBPJPY H8:
Fig. 2. Testing results chart
Related Posts
- Mastering Bullish and Bearish Harami Patterns with Stochastic in MT5
- Harnessing MQL5 Wizard for Trading Signals: 3 Black Crows & 3 White Soldiers with MFI
- Creating a Stochastic-Based EA for Hammer and Hanging Man Patterns in MetaTrader 5
- Creating an Expert Advisor for Dark Cloud Cover and Piercing Line Patterns with CCI Confirmation
- Mastering Trading Signals with MQL5 Wizard: Bullish and Bearish Engulfing Strategies