Welcome to the world of trading! Today, we're diving into a powerful trading system that leverages the BW-wiseMan-1 semaphore signal indicator.
This system makes trade decisions based on the appearance of colored diamonds on your chart. The direction of these trades is determined by the input parameters set within the system.
input bool retrogradely=true; // Run against trend
It's important to note that the TradeAlgorithms.mqh library file supports the use of trading systems with brokers that offer a nonzero spread. Plus, you can configure Stop Loss and Take Profit settings to trigger right when you open a position. If you want to explore more variants of this library, check out the following link: TradeAlgorithms.
To get started with the BW-wiseMan-1 Expert Advisor, make sure you have the compiled file of the indicator, BW-wiseMan-1.ex5. Place this file in your terminal_data_folder under MQL5\Indicators to ensure everything runs smoothly.
Fig. 1 Trading history instances displayed on the chart
Now, let's take a look at the testing results from 2013 on the GBPUSD H4 timeframe:
Fig. 2 Overview of testing results
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