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- 2015.11.02 16:06
- Updated:
- 2017.07.31 12:37
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The Exp_derivative Expert Advisor is based on the breakthrough of the zero level by the Derivative indicator. The signal is formed when a bar is closing if there is breakthrough of the zero level from above or below.
This Expert Advisor requires the compiled indicator file derivative.ex5 in order to run. Place it to <terminal_data_folder>\MQL5\Indicators.
Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit together with position opening. You can download more variants of the library at the following link: Trade Algorithms.
Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig.1. Examples of deals on the chart
Testing results for 2014 at USDJPY H8:
Fig.2. Testing results chart
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/13916
Derivative_HTF
The Derivative indicator with the timeframe selection option available in the input parameters.
Karacatica_HTF_Signal
The Karacatica_HTF_Signal indicator shows the trend direction or the signal based on the Karacatica indicator.
Bulls and Bears
The script displays the number of bullish and bearish candlesticks.
KC_HTF
The KC indicator with the timeframe selection option available in the input parameters.