Hey traders! If you’re looking to take your trading game to the next level, let me introduce you to the Exp_AFL_WinnerV2, an Expert Advisor designed for MetaTrader 5. This EA works hand in hand with the AFL_WinnerV2 indicator to help you spot those crucial entry and exit points.
The magic happens when a bar closes, signaling a potential position opening. This occurs if the indicator breaks through the overbought or oversold levels. And when it’s time to close your position? Just watch for a color change in the indicator that goes against your current trend. Simple as that!
To get started, make sure you’ve got the compiled indicator file AFL_WinnerV2.ex5. You’ll need to place this file in your <terminal_data_folder>\MQL5\Indicators directory.
Also, here’s a little tip: the TradeAlgorithms.mqh library file is a game changer. It allows you to use Expert Advisors with brokers that offer a nonzero spread and lets you set your Stop Loss and Take Profit right when you open a position. You can find more options for this library at this link: Trade Algorithms.
During the tests shown below, we used the default input parameters for the Expert Advisor, and guess what? No Stop Loss or Take Profit was utilized during these tests.
Fig1. Examples of deals on the chart
Now, let’s dive into the testing results for 2015 on the EURJPY H8:
Fig.2. Chart of testing results
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