If you're looking to enhance your trading game, the TrendContinuation Expert Advisor (EA) for MetaTrader 5 is a must-try. This EA leverages the TrendContinuation indicator, providing signals based on the closing of bars and changes in the indicator's direction, indicated by a color shift.
To get started, simply place the TrendContinuation.ex5 file in your terminal_data_folder\MQL5\Indicators. It's a straightforward setup that can make a big difference in your trading strategy.
Keep in mind that the TradeAlgorithms.mqh library is specifically designed for use with EAs from brokers that offer a nonzero spread. This library also allows you to set both Stop Loss and Take Profit when opening a position, giving you more control over your trades. If you need alternative versions of this library, you can download them from here.
During the tests shown below, the default input parameters of the Expert Advisor were used, and neither Stop Loss nor Take Profit was applied.
Fig. 1. The instances of history of deals in the chart
Here are the testing results for the year 2011 using the EUR/USD on the H4 timeframe:
Fig. 2. Chart of testing results
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