If you’re looking to step up your trading game, the MultiTrend Signal System for MetaTrader 5 could be your new best friend. This innovative trading system relies on the shifts in trend direction as indicated by the MultiTrend_Signal_KVN indicator. The magic happens when a bar closes and a new indicator arrow pops up, signaling a potential trade opportunity.
To get started, simply drop the MultiTrend_Signal_KVN.ex5 file into your terminal’s data folder under MQL5/Indicators. It's as easy as pie!
For the tests discussed below, we utilized the default input parameters of the Expert Advisor. Notably, we didn’t use Stop Loss or Take Profit during these tests to keep things straightforward.
Fig. 1. Trade history instances on the chart.
Now, let’s dive into the testing results for the year 2011 using the EURAUD pair on the H4 timeframe:
Fig. 2. Testing results overview.
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