If you're on the hunt for a reliable trading system, look no further than the Absolutely No Lag LWMA indicator. This nifty tool generates signals based on bar closings, particularly when there's a shift in the indicator's direction.
To get your Expert Advisor (EA) running smoothly, ensure that the compiled AbsolutelyNoLagwma.ex5 file resides in your <terminal_data_directory\MQL5\Indicators folder. It's a crucial step for optimal performance!
Keep in mind that the library file TradeAlgorithms.mqh is specifically crafted for EAs operating with brokers that have a nonzero spread. It allows you to set your Stop Loss and Take Profit simultaneously when opening a position. You can snag other versions of this handy library at Trade Algorithms.
In the tests shared below, we utilized the EA's default input parameters, and it’s worth noting that Stop Loss and Take Profit weren’t applied during the testing phase.
Fig. 1. Example trades on the chart
The following are the testing results for GBPUSD on the H4 timeframe throughout 2016:
Fig. 2. Testing results chart
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