Welcome to the world of trading! Today, I want to introduce you to a fantastic trading system based on the iRSISign indicator. This system generates signals at the close of a bar when the indicator displays a color icon. It's a straightforward yet effective way to enhance your trading strategy.
To get started with this Expert Advisor, you'll need the compiled indicator file, iRSISign.ex5. Make sure to place it in your <terminal_data_folder>\MQL5\Indicators directory for it to function properly.
One of the great features of this system is its compatibility with the TradeAlgorithms.mqh library. This allows the use of Expert Advisors with brokers that offer a nonzero spread, and you can set your Stop Loss and Take Profit when opening a position. If you're looking for more options, check out additional variations of the library here: Trade Algorithms.
During testing, we utilized the default input parameters for the Expert Advisor. It's worth noting that neither Stop Loss nor Take Profit were employed during these tests, so keep that in mind when evaluating the results.
Fig. 1. The instances of history of deals on the chart.
Now, let’s take a look at the testing results for 2015 on the EURUSD H1 timeframe:
Fig. 2. Testing results chart
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