If you're diving into the world of trading, you might want to check out the Elder Impulse System. This trading system leverages a unique indicator to help you make informed decisions.
The Elder Impulse System signals trades based on the color change of the indicator candlesticks. A red candlestick indicates it's time to sell, while a green one is your cue to buy.
To get started with this Expert Advisor (EA), make sure you have the compiled indicator file, ElderImpulseSystem.ex5, saved in your <terminal_data_folder>\MQL5\Indicators directory.
Additionally, the TradeAlgorithms.mqh library is essential for using EAs with brokers that offer nonzero spreads. It also allows you to set your Stop Loss and Take Profit right when you open a position. You can find more variations of this library here.
During the tests outlined below, we used the default input parameters for the Expert Advisor. Note that neither Stop Loss nor Take Profit were applied during these tests.
Fig. 1. Examples of deals on the chart
Here are the testing results for the USDJPY on the H4 timeframe for the year 2014:
Fig. 2. Testing results chart
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