Hey there, fellow traders! Today, I want to dive into an exciting trading system that leverages the AroonHornSign indicator. This system is all about spotting signals right at the close of a bar when a colored point from the indicator pops up.
To get started, make sure to have the compiled indicator file, AroonHornSign.ex5, saved in your <terminal_data_folder>\MQL5\Indicators directory. This setup is crucial for the Expert Advisor (EA) to function correctly.
Now, a little heads up: the TradeAlgorithms.mqh library file is a handy tool that allows you to use EAs with brokers who work with nonzero spreads. Plus, it gives you the flexibility to set your Stop Loss and Take Profit right when you're opening a position. If you're looking for more options, feel free to download additional versions of the library from this link: Trade Algorithms.
For the tests I conducted, I used the default input parameters of the EA. It's worth noting that I didn’t apply Stop Loss and Take Profit during these tests.
Fig. 1. Examples of trades on the chart
Let's take a look at the testing results for the year 2015, focusing on the EURJPY on the H4 timeframe:
Fig. 2. Charts of testing results
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