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- Published:
- 2018.06.16 10:40
- Updated:
- 2023.03.29 13:48
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A trading system based on the KWAN_RDP indicator signals. A signal is formed at the close of a bar, if the direction of the indicator movement (the indicator color) has changed.
For the generated EA to operate correctly, the compiledKWAN_RDP.ex5 indicator file must be in the <terminal_data_directory>\MQL5\Indicators folder.
Note that library file TradeAlgorithms.mqh is designed for using EAs with the brokers that offer a nonzero spread and a possibility to set Stop Loss and Take Profit simultaneously with opening a position. You can download the other versions of this library at Trade Algorithms.
The EA default input parameters were used in tests below. Stop Loss and Take Profit were not used in testing.
Fig. 1. Example trades on the chart
Test results for GBPJPY H4 over the year 2016:
Fig. 2. Testing results chart
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20670
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