Welcome to the world of automated trading! Today, I’m excited to introduce you to the Exp_SilverTrend Expert Advisor (EA) for MetaTrader 5. This system leverages the signals generated by the SilverTrend_Signal indicator to help you make informed trading decisions.
The magic happens when a signal is formed at the close of a bar, indicated by a color change. It's straightforward, making it a solid choice for both newbies and seasoned traders alike.
To get started, you'll need to have the compiled indicator file, SilverTrend_Signal.ex5. Just save it in your <terminal_data_folder>\MQL5\Indicators directory, and you're good to go!
Now, here's a tip: The TradeAlgorithms.mqh library file allows you to use Expert Advisors with brokers that provide a nonzero spread. Plus, you can set your Stop Loss and Take Profit when opening positions—making your trading strategy even more robust. You can check out more versions of this library here.
During the tests below, we utilized the default input parameters for the Expert Advisor, and it’s worth noting that Stop Loss and Take Profit were not applied during testing.
Fig. 1. Examples of trades on the chart
Looking back at the testing results for 2015 on the GBPUSD H4 timeframe:
Fig. 2. Chart of testing results
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