Hey traders! If you're looking to enhance your trading game, let me introduce you to the Trend Envelopes EA, a nifty Expert Advisor designed for MetaTrader 5. This EA leverages the Trend Envelopes semaphore signal indicator to help you make informed trading decisions.
How does it work? The EA generates a signal for entering a trade when a color point corresponding to your chosen direction appears at the closing of a bar. It’s as simple as that!
To get started, you'll want to place the TrendEnvelopes.ex5 compiled file in your terminal's data folder under MQL5\Indicators.
For the tests I’ve conducted, I used the default input parameters of the EA, and interestingly enough, I didn’t employ Stop Loss or Take Profit settings during these tests. This gives you a raw look at its performance without those safety nets.
Fig. 1. The instances of history of deals in the chart.
Now, let’s take a look at the testing results for 2011 using the USDCHF H4 timeframe:
Fig. 2. Chart of testing results
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