The Exp_BvsB Expert Advisor is a game-changer for traders using MetaTrader 5. It leverages the signals generated by the BvsB trend indicator, providing you with a solid foundation for decision-making.
This EA activates its signals when a bar closes, particularly if there's a shift in the indicator's cloud color. It's all about catching the right moments to enter the market!
To get the most out of this EA, ensure you've placed the compiled indicator file BvsB.ex5 into your terminal_data_older/MQL5/Indicators folder. Simple, right?
A quick tip: the TradeAlgorithms.mqh library file is essential for using the EA with brokers that offer a nonzero spread. Plus, it allows you to set Stop Loss and Take Profit right when opening a position. You can explore more options in the library by visiting Trade Algorithms.
During testing, we used the default input parameters for the Expert Advisor, and we didn't utilize Stop Loss or Take Profit settings. Sometimes, keeping it simple can yield better insights!
Fig. 1 The instances of history of deals on the chart.
Now, looking at the testing results for USDJPY H4 during 2013:
Fig. 2. Chart of testing results
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