Welcome to our trading community! Today, we're diving into a powerful trading system that utilizes the The 20s v020 semaphore arrow indicator.
With this system, you’ll make your trading decisions based on the color and direction of the arrows that pop up on your chart. It’s all about spotting those signals!
To get started, you’ll need to ensure you have the compiled indicator file The_20s_v020.ex5. Just drop it into your terminal data directory under MQL5/Indicators and you’re good to go!
One thing to keep in mind is that the TradeAlgorithms.mqh library allows you to use Expert Advisors (EAs) even with brokers that have a nonzero spread. Plus, it gives you the flexibility to set your Stop Loss and Take Profit right as you open a position! If you want to explore more options, check out the Trade Algorithms library.
For the tests shown below, we used the default input parameters for the Expert Advisor. Interestingly, we didn’t incorporate Stop Loss and Take Profit during these tests, which is something to consider in your own strategy.
Figure 1: Examples of deals on the chart
Let’s take a look at the testing results for the year 2013, focusing on the EURJPY H1:
Figure 2: Chart of testing results
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