If you're looking to enhance your trading strategy, the Exp_CandlesticksBW Expert Advisor could be just what you need. This EA operates on the signals provided by the CandlesticksBW indicator. Essentially, it generates a trading signal when a bar closes, especially if a trend candle forms and there wasn't a previous trend candle in the opposite direction.
To get started, make sure you have the compiled CandlesticksBW.ex5 file installed. You can drop it into your <terminal_data_folder>/MQL5/Indicators directory.
It’s worth noting that the TradeAlgorithms.mqh library is a must-have for using Expert Advisors with brokers that offer a nonzero spread. This library also enables you to set both Stop Loss and Take Profit right when you open a position. You can find more versions of this library at this link: Trade Algorithms.
The default input parameters for the Expert Advisor were utilized during the tests displayed below. Notably, neither Stop Loss nor Take Profit was applied during these tests.
Fig. 1. The instances of history of deals on the chart.
Now, let’s dive into the testing results for 2015 on the EURUSD H4 timeframe:
Fig. 2. Testing results chart
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