Exploring the Exp_JSatlCandle EA for MetaTrader 5: A Trader's Guide

Mike 2017.01.18 18:34 21 0 0
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If you're on the lookout for a reliable trading tool, let me introduce you to the Exp_JSatlCandle Expert Advisor. This EA leverages the signals from the JSatlCandle indicator, which generates signals when the closing bar shows a change in candlestick color.

To get started, simply drop the JSatl.ex5 and JSatlCandle.ex5 files into your <terminal_data_folder>\MQL5\Indicators directory.

A quick tip: the TradeAlgorithms.mqh library file is essential if you want to use Expert Advisors with brokers that offer nonzero spreads. It also allows you to set your Stop Loss and Take Profit at the same time as opening a position. You can find more variations of this library at the following link: Trade Algorithms.

During the tests shown below, we utilized the default input parameters for the Expert Advisor, and it's important to note that Stop Loss and Take Profit settings were not applied during these tests.

Fig. 1. Examples of deals on the chart

Fig. 1. Examples of deals on the chart

Now, let’s take a look at the testing results from 2015 on the EURUSD H6:

Fig. 2. Chart of testing results

Fig. 2. Chart of testing results

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