Welcome, fellow traders! Today, we're diving into a trading system that harnesses the power of the Fisher_org_v1_Sign indicator. This Expert Advisor (EA) generates signals right at the close of a bar, indicated by a color icon from the indicator. It’s a straightforward approach that can help streamline your trading decisions.
To get started with this EA, you'll need to have the compiled indicator file, Fisher_org_v1_Sign.ex5. Make sure to place this file in your <terminal_data_folder>\MQL5\Indicators directory to ensure everything runs smoothly.
One of the cool features of this EA is its compatibility with the TradeAlgorithms.mqh library. This library allows you to use Expert Advisors with brokers that offer a non-zero spread and lets you set your Stop Loss and Take Profit right when you open a position. If you're looking for more variants of the library, check it out here: Trade Algorithms.
In the tests we've conducted, we used the default input parameters for the Expert Advisor. It’s worth noting that during these tests, we didn’t implement Stop Loss or Take Profit settings.
Fig. 1. The instances of history of deals on the chart.
Now, let’s take a look at the testing results we gathered for the year 2015 on the AUDUSD H4 pair:
Fig. 2. Testing results chart
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