If you're looking to enhance your trading strategy, the WPRSIsignal Expert Advisor (EA) could be your new best friend. This system revolves around the signals generated by the WPRSIsignal indicator, producing a signal at the close of a bar whenever a colored arrow appears.
To get started, make sure you have the compiled indicator file, WPRSIsignal.ex5, saved in your <terminal_data_folder>\MQL5\Indicators directory. This is essential for the EA to function correctly.
One of the standout features of this EA is its compatibility with brokers offering a nonzero spread. Plus, it allows you to set Stop Loss and Take Profit at the same time as opening a position—an essential for managing risk effectively. You can check out more options with the Trade Algorithms library.
The tests shown below were conducted using the default input parameters of the Expert Advisor. Notably, Stop Loss and Take Profit settings were not 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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