If you're on the hunt for a reliable trading system, look no further than the Exp_Laguerre Expert Advisor (EA). This nifty tool generates signals based on the ColorLaguerre indicator, bringing a fresh perspective to your trading strategy.
To get started, you'll need the compiled indicator file ColorLaguerre.ex5. Simply drop it into your <terminal_data_folder>\MQL5\Indicators folder, and you're ready to roll!
One of the standout features of this EA is its compatibility with brokers offering a nonzero spread, along with the ability to set Stop Loss and Take Profit right when you open a position. For more options, you can check out the Trade Algorithms library.
During testing, we utilized the default input parameters for the Expert Advisor, and notably, we did not apply Stop Loss or Take Profit during these tests.
Fig. 1. Examples of trades on the chart
Let's take a look at the testing results for GBPUSD on the H4 timeframe from 2015:
Fig. 2. Chart of testing results
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