Welcome to our blog! Today, we’re diving into the LeManSignal trading system designed specifically for MetaTrader 5. This system leverages the signals generated by the LeManSignal indicator, which forms a trade signal at the close of a bar whenever a colored point appears on the indicator.
To get started, you'll need to have the compiled indicator file LeManSignal.ex5. Make sure to save this file in the <terminal_data_folder>\MQL5\Indicators directory to ensure everything runs smoothly.
One important note: the TradeAlgorithms.mqh library is a must-have for using Expert Advisors (EAs) with brokers that offer a nonzero spread. This library also allows you to set Stop Loss and Take Profit levels right when you open a position. If you're looking for more options, you can explore additional variants of the library here: Trade Algorithms.
For the tests shown below, we utilized the default input parameters of the Expert Advisor. Notably, Stop Loss and Take Profit settings weren't applied during these tests.
Fig. 1. Examples of trades on the chart
Let’s take a look at the testing results from 2015 for the GBPUSD on the H4 timeframe:
Fig. 2. Chart of testing results
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