If you're looking to up your trading game, the UltraWPR indicator is a fantastic tool to consider. This trading system operates on the principle of color changes in the indicator's cloud, signaling you when to make your move. Simply put, a trade signal is generated at the closing of a bar when the cloud color shifts. To exit a trade, you can either set a pending order or close your position when the cloud color flips, indicating a reversal.
To get started, make sure to place the UltraWPR.ex5 compiled file in your terminal's data folder at MQL5/Indicators.
The testing results below utilize the default input parameters for the Expert Advisor. It's worth noting that Stop Loss and Take Profit were not applied during these tests.
Fig. 1. The instances of history of deals in the chart.
Now, let’s take a look at the testing results for AUDUSD on the H4 timeframe from 2011:
Fig. 2. Chart of testing results
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