If you’re looking to enhance your trading strategy, the Exp_SuperTrend could be exactly what you need. This trading system is built around the SuperTrend indicator, which sends out signals at the close of a bar whenever a color point pops up.
To get started, you’ll need the SuperTrend.ex5 file. Just drop it into your <terminal_data_folder>\MQL5\Indicators directory, and you’re good to go!
Another cool feature is the TradeAlgorithms.mqh library. This little gem allows you to use Expert Advisors with brokers that offer nonzero spread and lets you set both Stop Loss and Take Profit right when you open a position. If you want to explore more options, check out the Trade Algorithms link.
For the tests shown below, we’ve used the default input parameters of the Expert Advisor. Keep in mind, no Stop Loss or Take Profit was applied during these tests.
Fig. 1. Examples of trades on the chart
Let’s dive into the testing results for 2015, focusing on the EURJPY on the H4 timeframe:
Fig. 2. Charts of testing results
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