The Exp_JBrainTrend1Stop_ReOpen trading system is designed to keep you in the game by utilizing the JBrainTrend1Stop indicator. This system operates on the principle of color changes in the indicator, allowing you to add to your trend-following positions effectively. A trade signal pops up at the close of a bar whenever the indicator’s color switches. Plus, the position size gets a boost if your profits cross a certain threshold set in the EA’s inputs.
When you add positions, the details are logged in a string comment on each trade, formatted as follows: number of addings/last trade price/last trade volume.
To get started, make sure to place the JMA.ex5 and JBrainTrend1Stop.ex5 compiled files into your <terminal_data_folder>\MQL5\Indicators directory.
During the tests outlined below, the default parameters of the Expert Advisor were utilized, and it’s worth noting that neither Stop Loss nor Take Profit was applied in these tests.
Fig.1. Examples of trades on the chart
Here are the testing results for 2015 using the GBP/USD on the H4 timeframe:
Fig.2. Testing results chart
Comments 0