Author: Khlystov Vladimir
Meet Exp_WPR, your go-to Expert Advisor (EA) designed for MetaTrader 5. This straightforward system trades based on the Williams Percent Range (WPR) indicator. It sells when the oscillator dips below the overbought level and buys when it rises above the oversold level. The entry signal is activated when a bar closes after crossing these levels.
One of the great features of Exp_WPR is its compatibility with brokers offering nonzero spreads. It also lets you set Stop Loss and Take Profit right when you open a position. If you're looking for more options, check out the Trade Algorithms library for additional resources.
During the testing phase, we utilized the default input parameters for this Expert Advisor. It's worth noting that neither Stop Loss nor Take Profit was applied in these tests.
Fig. 1. Examples of trades on the chart
Here's a look at the testing results for 2015 on the AUD/USD H3 timeframe:
Fig. 2. Testing results chart
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