If you're looking to step up your trading game, the Exp_BlauTVI Expert Advisor is a tool you won't want to overlook. This EA operates on signals generated by the BlauTVI trend indicator. Essentially, it provides a signal whenever a bar closes and the indicator histogram changes direction, giving you a great edge in your trading decisions.
To get started, make sure you have the BlauTVI.ex5 compiled indicator file. You’ll need to drop it into your <terminal_data_folder>\MQL5\Indicators directory for the EA to function properly.
Another nifty feature is the TradeAlgorithms.mqh library file, which allows you to use Expert Advisors with brokers that offer a nonzero spread. Plus, it gives you the flexibility to set Stop Loss and Take Profit levels right when you open a position. If you're interested, you can find additional versions of the library at this link: Trade Algorithms.
During the tests shown below, we used the default input parameters for the Expert Advisor, and we didn’t apply any Stop Loss or Take Profit settings.
Fig. 1. Trade examples on the chart
Here are the testing results for 2014 on the USDJPY H4 pair:
Fig. 2. Testing results chart
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