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Views:: 2787
Rating:: (18)
Published:: 2016.01.20 10:16
Updated:: 2016.11.22 07:32

\MQL5\Include\

tradealgorithms.mqh (60.9 KB) view

\MQL5\Indicators\

macdcandle.mq5 (7.77 KB) view

\MQL5\Experts\

exp_macdcandle.mq5 (6.58 KB) view

Download as ZIP, How to download code from MetaEditor

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The Expert Advisor Exp_MACDCandle based on signals of the indicator MACDCandle. The signal is formed when a bar is closing if there is change in candlestick color of the indicator.

This Expert Advisor requires the compiled indicator file MACDCandle.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. Trade examples on the chart

Testing results for 2014 on USDJPY H4:

Fig. 2. Chart of testing results

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14383

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Exp_MACDCandle - expert for MetaTrader 5