If you're looking to enhance your trading game, the Volume Weighted MA Trading System could be your new best friend. This system generates signals based on colored bars, triggering a signal when a bar closes after a previous bar that has the opposite color—or no color at all. It's all about timing, and this system nails it!
To get started with this Expert Advisor (EA), you'll need to have the compiled indicator file Volume_Weighted_MA_Digit_System.ex5 in your trading setup. Simply drop it into your <terminal_data_folder>\MQL5\Indicators directory.
One thing to keep in mind: the TradeAlgorithms.mqh library is a game-changer for using EAs with brokers that offer non-zero spreads. It also lets you set your Stop Loss and Take Profit from the get-go. You can grab more versions of this handy library right here: Trade Algorithms.
During my tests, I used the default input parameters for the Expert Advisor, and I opted not to use Stop Loss or Take Profit. The results were eye-opening!
Fig. 1. The instances of history of deals on the chart.
Let’s dive into the testing results for 2015 on the GBPUSD H4 chart:
Fig. 2. Testing results chart
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