If you're looking to elevate your trading game, the Exp_KalmanFilterCandle Expert Advisor (EA) is worth your attention. Built on the signals generated by the KalmanFilterCandle indicator, this EA comes into play when a candlestick closes, particularly when there's a change in its color. This could be a game-changer for your trading strategy!
To get started, simply drop the compiled files KalmanFilter.ex5 and KalmanFilterCandle.ex5 into your <terminal_data_folder>\MQL5\Indicators directory. It's as easy as pie!
A quick tip: The TradeAlgorithms.mqh library file is a handy tool that allows you to use EAs with brokers that offer nonzero spreads. Plus, it gives you the flexibility to set your Stop Loss and Take Profit levels right when you open a position. Want to explore more options? Check out the library here: Trade Algorithms.
For the tests shown below, we utilized the default input parameters of the EA, and interestingly, neither Stop Loss nor Take Profit settings were applied during these tests.
Fig. 1. Trade examples on the chart
Now, let's dive into the testing results for the year 2014, focusing on the USDJPY H4:
Fig. 2. Chart of testing results
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