Let’s dive into the world of automated trading with the Exp_BullsBears Expert Advisor (EA), designed specifically for MetaTrader 5. This EA leverages signals derived from the BullsBears semaphore trend indicator. The magic happens at the close of each bar, where the EA triggers a trade based on a reversal signal and a change in the indicator’s color.
To get started, simply place the BullsBears.ex5 file into your terminal’s data folder under MQL5\Indicators. It’s a straightforward process that even beginners can handle!
For the tests showcased below, we utilized the default input parameters of the Expert Advisor. Note that we didn’t incorporate Stop Loss or Take Profit during these tests to focus on the system’s raw performance.
Fig. 1. The instances of history of deals in the chart.
Now, let’s take a look at the testing results for the year 2011 on the XAUUSD H4 timeframe:
Fig. 2. Charts of testing results
Related Posts
- Mastering Bullish and Bearish Harami Patterns with Stochastic in MT5
- Leveraging MQL5 Wizard: Crafting Trade Signals with Meeting Lines and Stochastic
- Creating a Stochastic-Based EA for Hammer and Hanging Man Patterns in MetaTrader 5
- Harnessing MQL5 Wizard for Trading Signals: 3 Black Crows & 3 White Soldiers with MFI
- Mastering Trading Signals with MQL5 Wizard: Bullish and Bearish Engulfing Strategies