If you’re on the lookout for an effective trading system, you might want to check out the XDPOCandle indicator. This system operates by generating signals at the close of each bar. You’ll see a buy or sell signal when the color of the indicator candlesticks shifts from orange to light green, or vice versa.
To get started, simply place the XDPOCandle.ex5 and XDPO.ex5 files into the <terminal_data_folder>\MQL5\Indicators directory.
Keep in mind, the TradeAlgorithms.mqh library is a handy tool that allows you to use Expert Advisors with brokers offering nonzero spreads. Plus, you can set your Stop Loss and Take Profit levels right when you open a position. If you’re interested in exploring more options, feel free to download additional variants of the library here: Trade Algorithms.
In the tests conducted, we used the default parameters for the Expert Advisor. Notably, neither Stop Loss nor Take Profit was applied during these tests.
Fig. 1. Examples of trades on the chart
Here are the testing results for 2015 on the EURUSD H4 time frame:
Fig. 2. Charts of testing results
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