If you're diving into trading with MetaTrader 5, you might want to check out the Exp_BrakeParb Expert Advisor. This nifty tool operates based on signals derived from the BrakeParb semaphore indicator, which helps you identify market trends. The magic happens at bar close—when the indicator flips its color and a noticeable dot pops up, that's your cue to jump into a trade.
To get started, make sure you place the BrakeParb.ex5 file into your terminal_data_folder/MQL5/Indicators. It's super straightforward!
For the tests shown below, we used the default input parameters for the Expert Advisor. Notably, we didn’t employ Stop Loss or Take Profit during these tests, so keep that in mind when evaluating the results.
Fig. 1. The instances of history of deals on the chart.
Now, let’s take a look at the testing results for 2011 on the NZDUSD H4:
Fig. 2. Charts of testing results
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