Are you looking to boost your trading strategy? The Exp_ForecastOscilator Expert Advisor might just be what you need! This EA is designed to work with signals from the ForecastOscilator semaphore signal indicator, giving you a solid edge in the market.
The magic happens when a bar closes and a new colored arrow from the indicator pops up, signaling you to trade. It's like having a trusty sidekick guiding you through your trades!
To get started, you'll need to have the ForecastOscilator.ex5 compiled indicator file. Simply place it in your <terminal_data_folder>\MQL5\Indicators directory, and you’re all set.
One thing to keep in mind is that the TradeAlgorithms.mqh library file enables the use of Expert Advisors with brokers that offer nonzero spreads. Plus, it gives you the option to set your Stop Loss and Take Profit right when you open a position. If you’re interested in exploring more variants of this library, check out the link here: Trade Algorithms.
For the testing results shared below, we’ve used the default input parameters for the Expert Advisor. Just a heads-up, we didn’t apply Stop Loss or Take Profit during these tests, which gives you a clearer picture of its performance.
Fig.1. Trade examples on the chart
Now, let’s dive into the testing results for GBPJPY on a 12-hour timeframe from 2014:
Fig.2. Testing results chart
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