If you're on the lookout for a reliable trading system, the Stopreversal indicator might be just what you need. This advanced Expert Advisor (EA) generates signals at the close of a bar whenever a colored indicator arrow appears, giving you clear entry points.
To get the most out of this EA, make sure you have the compiled indicator file, Stopreversal.ex5, saved in your <terminal_data_folder>\MQL5\Indicators directory. This simple step is crucial for the EA to function properly.
One of the standout features of this EA is its compatibility with brokers that offer a nonzero spread. Plus, it allows you to set your Stop Loss and Take Profit levels right when you open a position, giving you greater control over your trades. If you're interested in expanding your toolkit, feel free to download other versions of the Trade Algorithms library from this link: Trade Algorithms.
The testing results below were conducted with the default input parameters of the EA. Notably, we did not apply any Stop Loss or Take Profit during these tests, so keep that in mind when you’re assessing performance.
Fig. 1. Examples of deals on the chart
Here are the testing results from 2015 on the EUR/USD H6 timeframe:
Fig. 2. Testing results chart
Comments 0