Welcome to the world of trading! Today, we're diving into an exciting trading system that utilizes the Volume Weighted MACandle indicator. This system generates trading signals based on the color changes of the indicator candlesticks. When the color shifts from green to pink or vice versa, it's time to consider making a move!
To get started, simply place the compiled files for Volume_Weighted_MACandle.ex5 and Volume_Weighted_MA.ex5 into your <terminal_data_folder>\MQL5\Indicators directory.
Keep in mind that the TradeAlgorithms.mqh library file enables you to use Expert Advisors with brokers that offer a nonzero spread, along with the option to set your Stop Loss and Take Profit levels right when you open a position. You can explore more variations of the library by checking out this link: Trade Algorithms.
The testing shown below was conducted using the default input parameters of the Expert Advisor, without applying any Stop Loss or Take Profit levels.
Fig. 1. The instances of history of deals on the chart.
Here are the testing results for the year 2015, specifically for GBPUSD on the H4 timeframe:
Fig. 2. Testing results chart
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