Trading system based on XDPO_Histogram indicator signals. The signal is formed when a bar is closing if there is a change in histogram direction.
The Expert Advisor uses the compiled indicator file XDPO_Histogram.ex5 for operation. Save 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 tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. Examples of trades on the chart
Testing results for 2015 at EURUSD H12:
Fig. 2. Charts of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15294
The simplest oscillator based on the difference between the price and its Moving Average. The oscillator is smoothed and displayed as a color histogram.Detrended_Price_Oscillator
The simplest oscillator based on the difference between the price and its Moving Average.