Introduction to the NRTR_extr Trading System
If you’re looking to step up your trading game, the NRTR_extr trading system might just be the key. This system generates signals based on a unique indicator, and you can expect a signal to pop up at the close of a bar whenever a large colored dot appears. It’s straightforward and effective for traders at all levels.
Setting Up Your Expert Advisor
To get started, you’ll need to use the compiled indicator file NRTR_extr.ex5. Make sure you save this file in the following directory: <terminal_data_folder>\MQL5\Indicators.
Working With Trade Algorithms
One of the standout features of this system is the TradeAlgorithms.mqh library. This handy tool allows you to use Expert Advisors with brokers that offer nonzero spreads. Plus, you can set your Stop Loss and Take Profit right when you open a position, which can really streamline your trading process. If you're interested in exploring more features, check out additional variants of the library here: Trade Algorithms.
Testing Insights
During our tests, we used the default input parameters for the Expert Advisor, and it's worth noting that we didn’t apply Stop Loss or Take Profit during these tests. Below, you'll find some results that showcase the system's performance.
Fig. 1. Examples of trades on the chart
Performance Results for GBPUSD H4 (2015)
Here’s a snapshot of our testing results for the GBPUSD pair on the H4 timeframe during 2015:
Fig. 2. Charts of testing results
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