If you’re looking to elevate your trading game, check out the ForexLine indicator. This trading system generates signals right at the close of a bar, specifically when the color of the Moving Average flips.
The Expert Advisor operates using the compiled indicator file ForexLine.ex5. Make sure to save it in your <terminal_data_folder>/MQL5/Indicators directory.
What’s more, the TradeAlgorithms.mqh library file is designed to work seamlessly with brokers that offer nonzero spreads. It even lets you set Stop Loss and Take Profit right when you open a position! If you're interested in exploring more variants of this library, you can find them here: Trade Algorithms.
During the tests below, we relied on the default input parameters for the Expert Advisor. It’s worth noting that neither Stop Loss nor Take Profit was utilized in these tests.
Fig. 1. Examples of trades on the chart
Here’s a glimpse at the testing results for 2015 on the EURUSD H4:
Fig. 2. Chart of testing results
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