Welcome aboard, traders! Today, we're diving into a trading system that leverages the signals from the WPR_Slowdown indicator. This nifty tool generates signals right at the close of a bar whenever a colored indicator arrow shows up.
To get this Expert Advisor up and running, make sure you have the compiled indicator file WPR_Slowdown.ex5 in your MetaTrader setup. You can drop it into your terminal's data folder under MQL5/Indicators.
One key feature of this setup is the TradeAlgorithms.mqh library, which allows you to use Expert Advisors with brokers offering nonzero spreads. Plus, it gives you the flexibility to set your Stop Loss and Take Profit levels right when you open a position. For more versions of this library, check this link: Trade Algorithms.
In the tests I ran, I used the default input parameters for this Expert Advisor. Keep in mind that Stop Loss and Take Profit were not utilized during these tests.
Fig. 1. Examples of deals on the chart
Now, let’s take a look at the testing results for 2015 on the EURAUD pair on the H6 timeframe:
Fig. 2. Chart of testing results
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