Are you looking to enhance your trading strategy? Let’s dive into the KWAN_RDP trading system. This nifty tool generates signals based on the direction of the indicator’s movement, changing color at the close of a bar. This can help you pinpoint the best moments to enter or exit trades.
To get the most out of the EA, make sure the compiled KWAN_RDP.ex5 indicator file is placed in the <terminal_data_directory>\MQL5\Indicators folder. This setup is crucial for flawless operation.
Keep in mind, the TradeAlgorithms.mqh library is tailored for EAs that work with brokers offering a nonzero spread. It also allows you to set Stop Loss and Take Profit levels at the same time you open a position. If you need other versions of this library, you can find them at Trade Algorithms.
The testing results below were carried out using the EA’s default input parameters, and for clarity, Stop Loss and Take Profit settings were not used during these tests.
Fig. 1. Example trades on the chart
Here are the test results for GBPJPY on the H4 timeframe throughout 2016:
Fig. 2. Testing results chart
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