Welcome to the world of automated trading! Today, we’re diving into a trading system that revolves around the signals generated by the Iin_MA_Signal indicator. This setup is designed for you to catch opportunities right at the close of a bar when a color icon from the indicator pops up.
For this Expert Advisor (EA) to run smoothly, make sure you have the compiled Iin_MA_Signal.ex5 file stored in your <terminal_data_directory>\MQL5\Indicators folder. This is crucial for it to function correctly!
In the tests we conducted below, we used the default input parameters for the EA. It’s worth noting that neither Stop Loss nor Take Profit settings were applied during these tests.
Fig. 1. Examples of trades on the chart
Now, let’s take a look at the testing results for USDJPY on the H4 time frame throughout 2017:
Fig. 2. Test results chart
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