Hey there, fellow traders! If you're on the hunt for a trading system that leverages the power of the Volume Weighted MA StDev indicator, you’re in the right place. This setup generates signals right at the close of a bar whenever a colored point appears on the indicator. And just a heads up, if the indicator reverses direction, that's your cue to exit the market if you have an open position.
To get rolling with this Expert Advisor (EA), you’ll need the compiled indicator file Volume_Weighted_MA_StDev.ex5. Be sure to drop it into your <terminal_data_folder>\\MQL5\Indicators directory. It’s a small step that can make a big difference!
Also, keep in mind that the TradeAlgorithms.mqh library file is your best friend here. This allows you to use EAs with brokers offering a nonzero spread, plus it lets you set your Stop Loss and Take Profit right when you open a position. If you're looking for more options, you can snag different versions of the library at this link: Trade Algorithms.
For the tests we've run, we used the default input parameters for the EA. Notably, we didn’t apply Stop Loss or Take Profit during these tests, so keep that in mind when reviewing the results.
Fig. 1. The instances of history of deals on the chart.
Here are the testing results for 2015 on the EURJPY H4:
Fig. 2. Testing results chart
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