If you're looking to enhance your trading game, the iWPRSign trading system might just be your next go-to tool. This system utilizes signals based on the iWPRSign indicator, generating a buy or sell signal right at the close of a bar whenever a color icon appears.
Before you dive in, make sure you have the compiled indicator file iWPRSign.ex5 ready to go. You’ll need to place it in your <terminal_data_folder>\MQL5\Indicators directory for everything to run smoothly.
One of the cool features of this Expert Advisor is its compatibility with the TradeAlgorithms.mqh library. This means you can use it with brokers that offer nonzero spreads and set both Stop Loss and Take Profit right when you open a position. Want to explore more? Check out additional variants of the library here: Trade Algorithms.
The testing conducted below utilized the default input parameters for the Expert Advisor. It’s worth noting that neither Stop Loss nor Take Profit settings were employed during these tests.
Fig. 1. Instances of deal history on the chart.
Let's take a look at the testing results for the year 2015 on the USDJPY H1:
Fig. 2. Testing results chart.
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