If you're looking to enhance your trading game, you're in the right place! Today, we're diving into a powerful trading system that utilizes the Leading indicator on MetaTrader 5.
Making trade decisions is straightforward with this system—just watch for the crossover of the indicator lines, and you're on your way!
To get started, simply place the compiled indicator file Leading.ex5 into your <terminal_data_folder>\MQL5\Indicators directory.
It's also worth noting that the TradeAlgorithms.mqh library file is essential if you're planning to use Expert Advisors (EAs) with brokers that offer a nonzero spread. This library also allows you to set your Stop Loss and Take Profit right when you open a position. You can grab more versions of the library here: TradeAlgorithms.
For the tests we've conducted, we stuck to the default input parameters for the Expert Advisor. Interestingly, we didn't use Stop Loss and Take Profit during these tests, which gives us a unique perspective on performance.
Fig. 1. Examples of trades on the chart
Now, let’s take a look at the testing results for the year 2014 using the USDJPY on the H4 timeframe:
Fig. 2. Testing results chart
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