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Published:
2016.10.10 15:43
Updated:
2016.11.22 07:32
\MQL5\Include\\MQL5\Indicators\
PPO_Cloud.mq5 (8.31 KB)view
\MQL5\Experts\

The Exp_PPO_Cloud EA is based on the signals generated by the PPO_Cloud oscillator. The signal is formed when a bar is closing if there is crossing of the main and signal lines of the indicator, and if there is a change in the indicator cloud color.

This Expert Advisor requires the compiled indicator file PPO_Cloud.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 USDCHF H4:

Fig. 2. Testing results chart

Fig. 2. Testing results chart

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/16066

PPO_Cloud_HTF PPO_Cloud_HTF

The PPO_Cloud indicator with the timeframe selection option available in input parameters.

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The i-CAiChannel_System_Digit indicator with the timeframe selection option available in input parameters.

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Semaphore signal indicator based on the relative smoothed rate of price change.