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Experts

Exp_Volume_Weighted_MA - expert for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português
Views:
3502
Rating:
(18)
Published:
2016.07.20 14:43
Updated:
2016.11.22 07:32
\MQL5\Include\
TradeAlgorithms.mqh (60.9 KB) view
\MQL5\Indicators\
Volume_Weighted_MA.mq5 (8.63 KB) view
\MQL5\Experts\
Exp_Volume_Weighted_MA.mq5 (7.39 KB) view
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The Exp_Volume_Weighted_MA Expert Advisor is based on change of direction of the Volume_Weighted_MA indicator. The signal is formed when a bar is closing if there is change in color of the indicator line.

This Expert Advisor requires the compiled indicator file Volume_Weighted_MA.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. The instances of history of deals on the chart.

Fig.1. The instances of history of deals on the chart.


Testing results for 2015 on EURJPY H4:

Fig.2. Testing results chart

Fig.2. Testing results chart

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/15841

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